- Says US should focus on long-term fiscal issues, be less restrictive with fiscal policy in the short term
- Fiscal policy at odds with Fed monetary stimulus
- Fed will keep rates low until it sees good evidence that the economy can sustain higher rates
- Says the falling labor participation rate preceded the crisis & the trend in participation is beyond our control
- The Fed looks at a number of labor measures
- Says income and wealth disparities have been increasing for years
- Says the Fed is making extraordinary efforts to increase the number of jobs in the US, Fed efforts to expand jobs helps narrow income inequality
- Denies that Fed bond buying has helped Wall Street without aiding Main Street
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