Comments from the Kansas City Fed’s George on Fox Business:

  • It’s time to adjust QE purchases
  • QE raises questions on costs-benefits
  • ‘Sooner’ on QE cuts is ‘appropriate’
  • Favors ‘systematic approach’ to cutting QE
  • Inflation appears to be ‘moderate’
  • Expects’ mixed data’ during the recovery

No surprise here.

Elsewhere, USD/JPY slipping a bit as US stocks fall to session lows, down 0.4%.