Answers questions after speech in Boston
He adds:
- won't rule out balance sheet change in slowdown
- we can run deficits, but eventually unsustainable
- fiscal policy must reverse itself at some point
- don't expect debt to GDP growth to be sustainable
- 2% to 2.5% growth over the next year seems quite reasonable
- Fed is mildly accommodative now. He is perfectly content to stay there
- Keeping an eye on leveraged loans and high-yield corporate market
- greater volatility has caused risk to be reassessed
