• Will continue to discuss unemployment threshold
  • No hard and fast rules on full employment level
  • Rates won’t rise until well past 6.5% if inflation remains low
  • Possibly sees changes to FG in direction of qualitative from quantitative
  • Extended low rate environment can spark risky behaviour
  • FEd looking at anything that could cause bubbles, leverage, credit growth, financial institutions interest rate risk
  • There’s still pockets that concern the Fed like underwriting standards in leveraged lending