JPM's Michele says the Fed is clearly moving towards symmetrical policy; Fed is telling US increasingly concerned about the price level.

Michele's comments suggest a potential shift in the Fed's approach towards a more balanced consideration of inflation and economic growth, indicating they are increasingly attentive to price stability. This could signal a more hawkish stance than previously anticipated, which may impact interest rates and broader market sentiment. Traders should watch for any potential adjustments in the yield curve and implications for the USD in light of this commentary.