Speaking on Bloomberg
Is not changing his view on the economy due to the May jobs data
US economy remains on a moderate growth track
I'm prepared to be patient
Get beyond Brexit and see how the data comes in
Jobs data may reflect a slowdown due to full employment
- Doesn't see a lot of cost to being patient
- We will see how things develop over the next few weeks
- Still sees 2 hikes this year
- Fed policy is still stimulating the economy
- Fed action will be data dependent
He might be brushing off the NFP but he's laying out Brexit as his excuse to not hike. How many others will follow?