- Says he’s a little bit surprised by the low inflation and is worried about inflation down the road
- Fed needs to be more systematic in policies
- Doesn’t think shutdown very consequential for economy
- Says he hasn’t been a fan of buying MBS’s (I think we know that very well by now)
- Problem of too big too fail not solved
- Would favour higher capital requirements
- Doesn’t see much change to Fed under Yellen
- Growth will pick up somewhat next year
- Unemployment could be 6.5% by end of 2014
All in all we’re not getting anything on the decision making from Wednesday, which is what we’re really all hanging out for so we’ll have to wait for one of the voting members to hit the stage. Hopefully we’ll get that from James Bullard around 13.10 gmt
