• Balance sheet could be a problem on exit
  • “There’s plenty to keep you up at night”
  • If policy doesn’t work there’s a risk to credibility
  • “Economy is not doing well”
  • “tying policy to specific jobless rate is risky”, policy is all about costs and benfits
  • Fed is watching Europe very carefully and is prepared react to the European crisis
  • “Central banks around the world” are overburdened

Comments made in an interview on Bloomberg TV