- US economy’s performance has been muted
- 6.1% not far from some views of full employment
- Home sales are starting to take off again
- Labor demand signs bode well for wage growth
- Businesses have a lot of cash on their books
- Inflation to start moving toward 2% target
- Sees a reach for yield in a number of places
- Balance sheet likely to be near $4.5 trillion
- Taper to continue as long as economy progresses