Remarks in essay describing his economic Outlook

He adds:

  • waiting too long on rate hikes would increase likelihood of recession
  • sees US GDP growth 2.5% to 2.75% this year
  • sees US unemployment falling to 3.6% by year's end
  • US is likely to make progress toward 2% inflation goal this year
  • boosted to growth from tax cuts will fade in 2019 in 2020
  • would be preferable at this point in economic cycle to moderate growth of government debt to GDP
  • US may need to make more actively considered ways to reduce US government debt growth