Speaking on Bloomberg Radio he says he is very much heartened by the latest consumer spending data. It will take some time as to wether this positive trend in consumer spending is a trend. He says that inflation expectations are well anchored but growth has to be firmly in place before raising interest rates can be considered. The drop in Treasury yields reflects the governments asset purchase programs.
Euro against the dollar currently trading between 1.4530 and 1.4545 dollar against the yen between 89.60 and 89.75 apart from a very brief unaccounted for spike to 89.82 and sterling ranging between 1.5940 and 1.5965
