Dudley, William

Well I think being at the zero lower bound is not a very comfortable place to be because, one, the tools of monetary policy at the zero lower bound are more limited.

Number two, you also have some consequences for the economy. I think one of the things that makes me less happy is the fact that the crisis was really about debtors. And then the monetary policy response has really been hard on savers. So getting out of the zero lower bound would also be a good thing for savers. So I think my view is I want to get off the zero lower bound as soon as I think it's appropriate because I think being there is just uncomfortable. And I think it's also it would be nice to actually for savers actually to get a positive return.