Reuters have a recap posted that makes the points:
- The unemployment rate? Forget it. The Fed only cares about the number of people working and how to get it higher
- Inflation? Not a problem anytime soon.
- on U.S. infrastructure, Powell set aside classic concerns of hefty government borrowing driving up prices and responded “this is not a problem for this time as near as I can figure.”
Here is the link for more, good stuff and worth a read.