• Fed could continue to buy bonds at this rate through fall
  • Could abruptly end program if confident labor will continue to improve
  • Still too early to get overly nervous about inflation
  • Would be open-minded about adjusting pace of bond buying at this meeting, or next, or the one after
  • Sympathetic to arguments toward more easing but not sure thresholds need to be adjusted

Evans also mentioned 200K as a market for labor market improvement. US dollar a touch stronger with an arch dove showing flexibility on QE.