• Says he concerned Fed may inflate asset price bubble.
  • Says it’s unlikely Fed will extend ‘operation twist’.
  • Could decide to purchase other assets if it decides not to continue ‘operation twist’.
  • Unemployment claims suggest continued improvement.
  • Doesn’t see ‘increased tolerance for inflation’.
  • Says farmland prices don’t appear to be asset bubble.
  • Says headwinds to US economy are waning.
  • Says critical President Obama and US congress tackle fiscal cliff to avoid drag on US economy.
  • Sticking with forecast for GDP growth of 3.5% in 2013, expects US to avoid fiscal cliff.

Reuters/bloomberg headlines