Powell: We believe there is more restrictive policy coming

<ul><li>If you look at the data over the last quarter, data on jobs, inflation and activity is all strong</li><li>Policy hasn't been restrictive for very long</li><li>As you get closer and close to the goal, the risks become more in balance</li><li>We have not made a decision to hike at every other meeting. I would not take moving at consecutive meetings off the table</li><li>New rents are happening at n</li><li>We haven't seen much progress in non-housing services. Notes hotels, travel services, healthcare as places not seeing a lot of progress</li><li>Labour costs are high in non-housing services. Cites that as a causing inflationary pressures</li><li>We need to see more softening in the labour market</li><li>The services sector isn't particularly interest-rate sensitive</li></ul><p>More to come</p>

This article was written by Adam Button at www.forexlive.com.