Kudos to him and a great start on the new job .. with the shortest statement possible.. and giving up on providing forward guidance .. direct approach to answering people's question ... telling the geniuses in the room that half of their questions are ridiculous [of course in a nice way!]. So the reporters used their second serve cautiosly .. which will improve the quality of these conf. in future.
dots .. dot plots .. statements .. news conference .. everything is on the table ..!
He made an excellent point that rather than looking for guidance from FOMC, market should react to data available and FOMC should react to market's response to data .. and i love his approach and sequencing of steps in decision making ..!
finally, he says that inflation is a choice .. and i agree.
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