- Makes sense to raise rates sometime in the middle of 2015
- Policy is data dependent
- Growth has been decent, inflation under goal
- Inflation likely to stay low for some time
- Recent consumer sentiment very positive
- Japan has a very challenging situation
- Doesn’t see any asst bubbles out there right now
Powell is probably just off center towards dovish on the scale but his comments recently have been more hawkish. Once again though it’s another Fed member not commenting on the currency directly and giving Japan free reign it seems.
