Comments from the NY Fed President
- The economy is still quite far from maximum employment
- He believes the US economy will get back to full strength
- Jobs should return in the next year or two
- Inflation is going to be volatile but he expects it to stay relatively subdued near the 2% goal
This is right out of the FOMC hymn book. There isn't much to separate the different Fed talking heads at the moment.
More:
- Conditions to adjust policy are 'a long way off'
