- And is a concern for the Fed
- Will only consider changes to bond buying if forecast for the US economy changes
- Too soon to make decision on Fed tapering change, so far US economic data hasn’t shifted enough
- Fundamental outlook for Europe has not changed much
- Seeing fairly weak reports coming out of Europe
- Mid-2015 rate still still likely
- Strong dollar and falling oil prices likely to weaken inflation outlook
- Does not expect Fed will have to resume QE but says he does not rule it out if economy weakens
Speaking on CNBC it seems the throng of Fed and other central bankers looking towards Europe is growing. If we start to get some ugly data then expect Europe to be the one of the main excuses.
