• Faster growth setting up for a good year in 2014
  • Q4 job growth was ‘pretty good’
  • Recent data hasn’t deterred the economic outlook so far
  • Rate rise thresholds have served their purpose, expects to go back to traditional policy
  • Fed will have to make more qualitative judgements on when to raise rates, now that unemployment at 6.6%

Translation: time to take the training wheels off.