Answering questions from media now:

  • Unemployment rate will go lower this year
  • Return to zero after raising rates wouldn't be defeat
  • Says US within 'band' of natural unemployment rate
  • Does not see strong evidence of current asset bubbles
  • Says expects near 2.5 percent growth rate for the year
  • Says well within reasonable confidence band on natural level of unemployment
  • Says willing to expand overnight repos if needed, does not see risks to financial stability and does not think it would play a significant role in interest rate management

Headlines on Bloomberg and Reuters