Not as much as the people working for them no doubt
- Fed's inflation target is symmetric
- Says he's ok with overshooting 2% inflation for a little bit
- Doesn't forecast a recession
- Won't say how many rate hikes he expects in 2016
I love how central bankers haven't been able to do diddly squat about inflation under target yet seem to think they'll be able to get the genie back in the bottle if it overshoots.
How about this added gem;
- Says the US is the strongest economy in the world
To emphasise his point he then goes on to discuss negative interest rates
- Negative rates would be an extraordinary move fir the Fed
- There's a high hurdle to the Fed seeking negative rates
- Fed has to consider all policy tools at its disposal
- We need to continue watching what the dollar is doing
- Fed is continuing to study the legality of negative rates
- Fed would consider more QE with great reluctance but won't take it off the table
FYI these are Q&A comments
