- Says ‘there’s a lot of reason to do more’.
- As long as unemployment rate stays above 7% , Fed should keep rates at zero, as long as inflation does,t breach 3 %.
- It’s important to be clear about Fed’s intentions .
- Fed needs to make clear it will keep policy easy “for quite some time” and not prematurely remove easy policy .
- Also says monetary , fiscal improvement would strengthen dollar -bbg
- Prevalence of underwater mortgages is holding back effectiveness of Fed policy. -rtrs
- Says there’s lots of reasons to do more easing .
Sounds a bit dovish to me , USD not moving at all , guess market will wait for Europe to get in .
