In the latest edition of Take 5 with Bill Emmons, Dr. Emmons examines the Federal Open Market Committee’s (FOMC’s) June 13 policy statement, and offers his views on what the decision means for labor markets, inflation and inflation expectations. As always, any views expressed in a Take Five video are the views of the presenter and do not necessarily represent the official opinions of the Federal Reserve Bank of St. Louis or the Board of Governors of the Federal Reserve System.