Speaking in Oklahoma city

  • Seeing stronger business activity, investment
  • Stable oil prices spurring drilling, mining activity
  • Fed B/Sheet plan very well telegraphed up to this point
  • Balance sheet adjustment didn't cause strong market reaction
  • She supports FOMC approach to balance sheet rolloff
  • Balance sheet tool should be kept for emergencies only
  • Gradual interest rate moves appropriate, but said needs to keep rate rises underway
  • Regulatoins on smaller banks beginning to impact ability to lend and serve customers