Speaking on Bloomberg Radio.

  • 1st quarter GDP always seems to be weaker.
  • April jobs data another in string of good reports
  • Will need to see how fed officials feel at April FOMC
  • Does not want to predict what will be decided
  • Fed has been consistent on go slow and their data dependent stance
  • He has been concerned with inflation expectations
  • Says inflation expectations, recovering is comforting
  • Expects YoY inflation to come back to 2% target
  • Global issues have not altered his outlook yet
  • Strong job reports supports his economic outlook
  • Would back rate hike if inflation expectations rise
  • All meetings are live.
  • Fed could use balance sheet tools if needed.
  • There are some upside risks.
  • Fine for inflation overshoot feds target.
  • 2.2% inflation is better than 1.5%
  • Global turmoil fading into the background