FED'S WARSH

- MUST BE CONFIDENT UNDERLYING INFLATION IS MOVING TO OBJECTIVE, OR 'WE HAVE WORK TO DO' - FED'S 2% PCE TARGET IS FIRM AND FIXED TARGET; IT IS FED’S JOB TO DELIVER STABLE PRICES - CONSUMER SPENDING HEALTHY, LABOR MARKETS STABLE - NUMBERS 'MORE CONCERNING' ON PRICE STABILITY - SUMMER INFLATION DATA WAS BETTER THAN EXPECTED, DOESN'T THINK UNDERLYING TRENDS HAVE MEANINGFULLY CHANGED - AT JULY MEETING, 'GOOD MAJORITY' FELT WISER COURSE WAS TO WAIT 좀 각오를 단단히 다진거 같은 느낌...