• Twist should foster a stronger recovery, ease monetary conditions
  • Economic estimates inherently uncertain; subject to revision
  • Supply chair disruption has diminished, oil prices have fallen from peaks, boosting consumer spending
  • Moderate pace of growth expected
  • Unemployment will decline only gradually in coming quarters
  • Pace of progress likely to be frustratingly low
  • Significant downside risks, mostly from Europe
  • Inflation appears to have moderated; slack in prices and wages
  • Prepared to employ tools as appropriate