• If economy resumes 2% growth in 2nd half of year, that would be good enough to keep him “on hold”
  • Conditions in US economy, financial markets, better now than a year ago
  • Direct effects on US from Europe have been “relatively minor” compared to what might be expected if there was financial meltdown

Earlier this morning we had Evans the dove, now we got Bullard the hawk.

Everyone takes their turn to make their case

;)