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’