UNITED STATES FEDERAL RESERVE CHAIRMAN WALSH: THE JUNE CORE CPI DATA HAD LITTLE IMPACT ON DECISION-MAKING

ON 30 JULY, IN A PRESS CONFERENCE, FEDERAL RESERVE CHAIRMAN WALSH STATED: “THE THREE VOTES TODAY DID NOT FULLY REFLECT THE SUBSTANCE OF THE DISCUSSION, AND THE DECISIONS WE TOOK WERE OVERWHELMINGLY SUPPORTED. CORE CPI DATA IN JUNE HAVE LITTLE IMPACT ON DECISION-MAKING, AND IN A FEW WEEKS WE WILL BE COMMUNICATING WITH THE INFLATION WORKING GROUP. WE HAVE SOME ENCOURAGING INFLATION DATA, AND WE WILL BE FOLLOWING CLOSELY IN THE COMING PERIOD, AND WHAT IS IMPORTANT IS INFLATION TRENDS. IN THE COMING PERIOD, WE WILL FACE IMPORTANT DECISIONS.”