• Policy exit would start with change in communication.
  • Fed during exit would sell bonds ‘at a gradual pace’.
  • Says U.S. economic growth will continue to improve.
  • Sees ‘a long slog’ in reducing unemployment.
  • Says Fed looking for that perfect soft landing.
  • Says extent of QE3 depends on ‘where the economy goes’.
  • Says QE3 likely to cost more than $600 billion and likely to extend well into next year.-rtrs

BBG headlines