- These dissents are not an abnormally large number
- Fisher and Plosser concerned the inflation to pick up (Plosser especially has been looking for inflation for about the last 3 years)
- Europe’s low inflation is a risk to global economy, but one of a number of risks
- Hope’s they are successful in turning it around for the benefit of them and the US
- We want to make sure we have the flexibility to respond to economic changes
- Fed has flexibility to move faster if economy warrants (again, that hawkish shift in sentiment)
USD/JPY up to the highs again at 108.08 and EUR/USD is getting another tonking through 1.29 to 1.2886
