Comments in a Bloomberg interview
- We need to get through the next couple of quarters
- Businesses will be optimistic once the virus is behind us
- Sees 3.5% GDP growth in 2021, mostly coming later one
- Financial conditions are relatively loose
- Failing to extend some fiscal aid would hit economy
- inflation may be more muted than people expect
- Fed used to try to preempt inflation by raising rates; now see benefits of running economy hotter
- may have to take more aggressive action if inflation is rising rapidly than if just gradually
