• We should not be dependent on how data turns out.
  • We can't assume that inflation pain of new economic shocks will go away.
  • I agree with the MPC view that there is an easing in the labour market, question is about the pace.
  • Some key pay indicators remain quite strong.

I think he's suggesting that central bankers need to also have some forward looking thinking and not get too fixated on lagging indicators like inflation and employment.

Source: Forex Live