He said interest rates could remain low, or even fall further if an economic recovery did not materialize and inflation stayed near historic lows.
"We've gotten more evidence that the economy is good, and inflation has stayed in the bottle."
Today unemployment hovers below 5 percent, while inflation stays below 3 percent.
And if inflation stays at its current rate, workers will gain little or nothing.
Unemployment was finally dropping and inflation was staying relatively in control.
In the same month France's consumer-price inflation stayed at 3.5%.
He says that inflation will stay above 2% for several months before declining.
Prices of Treasury securities rose on renewed optimism that inflation would stay in check.
We are reversing perceptions that inflation will be staying at extraordinarily high levels.
So far, inflation has stayed under 3 percent a year.