More from Fed's Musalem - Jobs report did not cause a change in outlook

St. Louis Fed President Alberto Musalem speech, “Financial Conditions, the Economic Outlook and Monetary Policy,” at a Money Marketeers of New York University Inc. event:

• Fed's Musalem: Costs of easing too much outwiegh easing too little

Q&A now:

• The September jobs report was very strong.
• The labor market is strong; it is healthy.
• There is no emergency in the job market right now.
• The jobs report didn't cause a change in outlook.
• The current policy path is still appropriate despite the jobs data.
• I don't pay much attention to market pricing of the Fed outlook.
• Won't prejudge the outcome of coming Fed meetings.
• Fed's dot plot is helpful to understand Fed actions.
• Upside risks to inflation still there, but risks aren't high.