- Improved confidence, financial conditions should lead to rapid pace of recovery in 2011 than 2010
- Unemployment rate to stay above Fed mandate, inflation to stay below
- Several years before jobless rate near normal
- Overall inflation remains low despite significant increases om highly visible prices like gasoline
- Indicators like higher stocks, narrower bond spreads suggest QE has been effective
- Federal budget on unsustainable path unless Congress enacts significant changes
A slight upgrade in his level of optimism but there is no sign he is willing to deviate from QE2 before its scheduled demise in June.
