Believes that Fed rate policy is 'well positioned' to achieve 2% inflation targetIf inflation is not on track to hit 2% level, Fed will act in order to ensure price stabilityStrongly supported the latest FOMC decisionFed is very committed to getting inflation back to 2%Remains optimistic that inflation pressures will gradually easeAcknowledges uncertainty surrounding impact of Middle East conflict but expects inflation impact to coolMarket pricing provides Fed with valuable informationAware of market pricing but Fed is not obliged to ratify market levelsMore to come.. This article was written by Justin Low at investinglive.com.