• Jobs report reflective of 2.5% growth
  • Inflation not a threat given pace of growth
  • Policy rate likely to be 1-1.5% in “new normal”
  • “New normal” remains in place even with a good 2014
  • Fed likely to end taper in October or November

He wasn’t slow in getting that out and no doubt we’ll be hearing the responses from all corners of the financial world