More comments from Evans and Lockhart who are speaking at an event in Ohio:
- Lockhart: BOJ easing is more more element of global central banks being aggressively accommodative
- BOJ’s preparedness to take aggressive action will help everyone ‘if it works’
- Lockhart says Fed not yet at a tipping point where MBS purchases do more harm than good
From Evans:
- Prehaps need to rethink exit strategy for shrinking balance sheet
- Unemployment below 6.5% could be a ‘milepost’
- BOJ plan ‘looks like this is pretty aggressive’