Still very dovish
- Fed can do more
- Low rates until jobless rates hits 6.5% as long as infl below 2.5%
- 2.5% inflation safeguard more appropriate, the 3% safeguard made people anxious
- Needs to see monthly gains of at least 200,000 for 6 mths & above potential GDP growth before Fed could end QE3
- Keeping int rates low even after recovery strengthens does not necessarily mean higher inflation
Just re-iterating, Evans is a dove, he doesn’t have an FOMC vote at present (in 2012, but will again in 2013)
