• Says Fed, economists look at thousands of indicators.
  • Hard to pinpoint one, two indicators for full picture.
  • Says Fed could buy more treasuries if economy deteriorates.
  • Fed could also explain policies more clearly.
  • Says nominal GDP targeting could be tried.
  • More aggressive options are available.
  • Aggressive options available if things are really bad.
  • Good news U.S. banks able to reduce Europe exposure.
  • Says major Europe financial failure would affect U.S.

I think he’s done now.

Bloomberg headlines