White House economist Goolsbee is talking about the dollar as well, saying the weak greenback has helped manufacturing.
More Dudley:
- QE did more good than harm; one reason we are seeing better job growth than last summer; has given the economy more momentum
- QE was not expected to be a panacea; made financial conditions more accomodative
- Very little wage gains seen do to weakness in labor market
- No question Fed will keep inflation in check
