Fed's Bullard (non voter) says the US response to bank stress "swift and appropriate" and has allowed monetary policy to focus on inflation

Inflation remains too high. US macro data is stronger than expected.

Continued appropriate macroprudential policy can contain financial stress, while appropriate monetary policy can continue to put downward pressure on inflation

Inflation expectations are relatively low and a good sign for disinflation in 2023

It is not uncommon for some firms to fail to adjust to changing financial conditions.

says it would be a "disaster" for the US to abandon the 2% inflation target, as it would send the world back to the 70s

Businesses will adj. to difficulties in the labour market, will not occur fast.