- says he supported decision to ease further; policy designed to support faster recovery, reduce deflation risk
- says central bank not trying to engineer dollar depreciation
- most critical factor in maintaining dollar’s value is strong US economy with stable inflation
- says must not expect too much from monetary easing , but it should buttress overall demand
- says firmer inflation expectations, lower deflation risk suggest policy already working
- expects recovery to strengthen but not enough to return income and employment to pre-recession levels
- economy still faces headwinds, but progress has been made on banking system, business and household balance sheets
via Reuters
