Inflation is close to target.”Eight of 15 Fed officials now expect at least four rate increases will be needed this year, up from seven in March and four in December. “I would say I like the results so far,” said Mr. Powell. Mr. Powell also said next year he would convene a press conference after every policy meeting rather than every other meeting. Some traders had viewed the change as hawkish because it would free the Fed to raise rates more frequently. But Mr. Powell said the change was purely to improve the Fed’s communications and shouldn’t send any signal about its policy intentions.

Source: Wall Street Journal June 13, 2018 18:04 UTC