Can't agree with this more. If the decision is to skip June and then see what the data says thereafter, that's a perfectly sensible decision. But the communication is giving me the distinct impression that they are making it up as they go.
Would really like to see a framework from Fed at this point. Going back & forth between bank issues (those filter through over months not weeks) & hyper sensitivity to spot data. Can’t really cite lags in statement & then say we’re live based on 1 data point