- Sees little sign of second round effects from oil prices
- US economy continuing to surprise on upside
- Risk that inflation may slow less than forecast
- Oil price gains pose risks to inflation, growth
He is taking questions after a speech that’s nicely summarized here. He was a touch hawkish saying improvements in credit and funding could pave the way for a removal of exceptional stimulus:
I should emphasise that I am not, by any means, advocating such a withdrawal any time soon. With the domestic economy still fragile