- Says rate reductions will help people pay down debt faster
- He adds that European leaders are faced with major decisions
His comments are running a few minutes early. I was hoping for something a tad more interesting to spice up a lackluster session.
Update: a bit more meat on the latest comments as he says there is no oversupply of housing and that he doesn’t see any problems for households to service debt loads. Slightly hawkish.
He also notes that expectations for the EU Summit have been lowered.
