- Jobs recovery has been disappointingly slow
- We’re seeing meaningful progress in economy
- We all know there are problems in the jobs market that run deeper than cyclical factors
More comments:
- Too-slow inflation a greater risk than too fast
- Fed will need to tighten policy as recovery gains
Most, if not all, of her comments are painfully obvious. Things like “Removing accommodation will be at different paces in different parts of the world”.
- Wage pressure can be an early indication of inflation rise
- Purpose of my remarks today is to emphasize there can be a lot of twists and turns in economy
That’s all she wrote
