There’s the nugget you need. He’ll keep easing until you start hiring…
He also says the potential growth rate of the economy could be lower as a result of the financial crisis. That means inflation could hit sooner than earlier thought with less slack in the economy slack in the economy. Looks like that unexpected comment seems to be giving the dollar a little boost.
Resolving the US’s cloudy US fiscal outlook could lead to a very good year for the US economy, the Chairman says. Gasp!
Apparently there is a Q&A after he delivers the remarks to a luncheon of the great and the good in NYC.
