There's a lot of people that say there is too much focus on central banks, too much analysing them, reporting on them etc.

I'm not one of them, but I can see the point such people are making.

Anyway, maybe these Fed speakers think the same thing so they try to bore the **** out of us with these repetitive, vague comments.

Anyway, enough of my whining, back to Mr. K (Kaplan, not Kuroda):

  • Says Fed will be able to raise rates, but will need to do so patiently
  • As we continue to make progress toward goals, will be appropriate to raise rates
  • Says Federal Reserve policymakers largely agree on rate hike views, differences only 'on the margins'

(He's got that right. How about all these Fed loudmouths saying they're gonna hike 4 times this year then each meeting passes without action and not one of 'em dissents! Spineless they are! Whoops, sorry .... more whining ... back to it ...)

  • Says US is in a relatively low-growth environment
  • Says he is 'sensitive' to large gap between Fed outlook in 2012 and what it actually did