Taking some questions

  • If the US got into another recession the first step would be to lower rates and then decide if more bond buys are needed

  • We are not in any bubble of the same magnitude of the housing or dot-com bubble (So what bubble are we in then?)

S&P is up 6 to 2351. Dow is up.... ;-)

  • It would be ok to raise once more this year

  • There's no need for aggressive rate hikes to keep inflation in check

  • I have the lowest rate path forecast on the FOMC

FYI he's not a voter until 2019.