Speaks to reporters after speech in Plano, Texas
- there is no textbook on Fed balance sheet rundown, must be open to learning and ready to make adjustments if there is a problem
- he sees a quarter or two of Fed patience, months not weeks
- says shut down hurts economy, adds to uncertainties
- he's watching balance sheet wind down affects very carefully
- lots of companies lack pricing power amid higher costs
- hall full that consumption remain strong, but feels effects of recent uncertainty may be felt
