Fed’s Musalem: CPI data shows ‘encouraging further progress’

• Job market strong but has cooled in recent months
• We are making progress on inflation
• Supported June Fed decision, says mon policy is restrictive now
• Economy is on a good path but he would like to see more data
• Wants to see more improvement in supply conditions
• Wants to see general demand conditions moderate some more going forward
• The economy may be shifting into a higher-rate regime

Musalem is a voter next year.

This article was written by Adam Button at www.forexlive.com.