- Growth not strong enough to ‘dig us out of the deep unemployment hole we’re in’
- Expects unemployment rate to fall to 7.5% at year end 7.0% by end of 2014
- Could reduce asset purchases before year end to minimize associated risks
Pianalto is a fairly dovish Fed member and almost always goes with the consensus. It’s a significant comment, another indication that Fed easing has peaked and a positive USD factor.
