Fed's Powell: Rise in inflation compensation is a good thing

Fed's Governor Jerome Powell crossed the wires last minutes, via Reuters, stating that an increase in inflation compensation is a "good thing".

Key headlines (via Reuters):

• Should a patient to see how fiscal policy unfolds
• Focus on time and rate change may add to confusion
• Communication should emphasize uncertainty of forecast
• Dot plot changes over time reveal views on policy path
• Dot plot isn't useful predictor of near-term rate moves