- Looking forward to working with Yellen
- Expect seamless transition from Bernanke to Yellen
- As long as the economy evolves according the Fed outlook, they’ll continue to reduce bond buys
- Predicts that QE will end in 2014 if economy improves
- Inflation is low because growth is subdued
- Fed should make good on its 2% inflation goal
Kocherlakota comments from the Q&A
