Via Reuters

  • US economy is doing well, expects 3.25% growth this year and 2.5% next
  • Estimates sustainable unemployment rate at about 4.3%
  • Wages have increased, but not as much as would have expected
  • capital expenditures have been a little bit disappointing after tax cuts, still optimistic
  • Current fed funds rate is a little bit short of neutral, in a good place to continue adjustments
  • Says should adjust rates back to neutral and see how things are
  • Says the need for accommodation is not really there any more
  • see's limited downside risk to inflation levels