Remarks from head of the Federal Reserve branch in San Francisco
I think these may well be repeats of earlier headlines ... but there is nothing here of surprise anyway:
- Makes sense for fed to take foot off pedal, given progress on economy
- Says there's a lot of uncertainty, and not just about fiscal policy and new administration
- Today's uncertainties are balanced, things could be better or worse than we expect
- Federal Reserve does not want to stall the economy, but does not want it to run too hot for too long
- Expects gradual pace of rate hikes, but ready to reassess based on new information
Headlines via Reuters
Ahh, here we go, these comments are from his Q&A following his earlier speech
