Speaking on CNBC
- doesn't see an elevated recession risk
- US China trade deal would be a positive
- Tax cuts had a positive effect on growth in 2018
- Sees prospects in global growth later in 2019
- Fed is operating close to its dual goals
- The Fed can afford to patient
- Economy and Fed policy is in a good place
- December hike is not a mistake
- Momentum in economy is good
- Policy rates are near the range of neutral
- Tarrifs unlikely to have an effect on growth
- Don't see a need for a rate move in either direction
- GDP in 1Q has been perking up from earlier projections
- Inflation has been somewhat below 2% inflation
- Respect differing views on policy. Make a decision on evidence from the economy.
- NOt there for a potential recession
- Have been times when the Fed took out insurance on a recession
- Fed is just doing their jobs but respect opinions
- Political views do not impact monetary policy
- Would pay attention to a sustained yield curve inversion, but not there yet
- Because of global bond market, the 10 year yield is perhaps lower than it should be
- Financial institutions are prepared as could be for Brexit and monitoring very closely.
