China's Industrial Profits for 2011 on a year over year basis rose 25.4% versus the prior increase of 24.4%.

China's Non-Manufacturing PMI in January came in at 52.9 softer than the prior reading of 56.0.  The market had a muted reaction to this release with risk trading a touch lower

• Would push to be as aggressive as possible
• Unemployment gap is very large
• Estimate need for over 1 trillion asset buys
• Isnt concerned about risk of deflation
• Normal channels of monetary policy clogged
• Asset buys should be substantial

Evans is not a voting member and his comments are curious given Bernanke's down the road comments on Capital Hill. He is also a dove on the Fed.

Powen is a known to be a dove on the MPC

The QE stimulus (275B GBP worth) is scheduled to run off this month at which point the BOE will need to access whether they take the punch bowl away or continue to bloat the balance sheet of the central bank.

• Even more agressive strategies than have been pursued recently to achieve fiscal stability are needed
• Dows not endorse or oppose extension of payroll tax
• Not satisfied with progress on dual mandate

http://www.federalreserve.gov/newsevents/testimony/bernanke20120202a.htm" rel="nofollow" target="_blank

The Economic Outlook
Over the past two and a half years, the U.S. economy has been gradually recovering from the recent deep recession. While conditions have certainly improved over this period, the pace of the recovery has been frustratingly slow, particularly from the perspective of the millions of workers who remain unemployed or underemployed. Moreover, the sluggish expansion has left the economy vulnerable to shocks. Indeed, last year, supply chain disruptions stemming from the earthquake in Japan, a surge in the prices of oil and other commodities, and spillovers from the European debt crisis risked derailing the recovery. Fortunately, over the past few months, indicators of spending, production, and job market activity have shown some signs of improvement; and, in economic projections just released, Federal Open Market Committee (FOMC) participants indicated that they expect somewhat stronger growth this year than in 2011. The outlook remains uncertain, however, and close monitoring of economic developments will remain necessary.

• Recovery is frustrating
• Vulnerable to shocks
• Outlook uncertain
• Credit remains tight
• Jobs improved modestly
• Housing remains depressed.
• Inflation subdued
• Current fiscal policies is not sustainable; would create big budget gap

His comments are a little less dovish perhaps.  Driving down the middle of the road as he faces a split audience.  Note that during his press conference after the FOMC, he was  a bit more brave with his dovish views.