During Chair Powell’s December 18 press conference, Powell used the word uncertainty 10 times as he discussed the outlook for the labor market, inflation, the level of the neutral rate, and how President Trump’s agenda could impact monetary policy.
Labor Market
“Unemployment is lower and in the SEP you’ll see that participants think that the downside risks are less and uncertainty is less.”
Inflation
“ You saw in the SEP that risks and uncertainty around inflation we see as higher...
