It's going to be rough going for those trying to track the the central bank’s strategy.
The Fed vice chairman seemed to indicate that the central bank would not deviate from its current policy.
The move reflected an upbeat assessment of the economy.
Powell’s speech discussed the challenges of monetary policy when economic benchmarks are uncertain.
They aim to give the economy room to run while also trying to keep inflation expectations anchored.
David Wilcox guided the Fed's U.S. economic outlook as director of the Division of Research and Statistics
Policy makers debated over the number of rate increases that would be needed.
“Economic activity has been rising at a solid rate,” the FOMC said in its statement.
“I don’t think we know exactly how many more rate hikes we are going to do this year,” he said.
Inflation "is expected to move up this year," the Federal Open Market Committee said.
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