on Reuters wires
- US entering above-trend growth period
- stronger growth, with some private forecasts at 4% for 2011, would put unemployment on a downward path
- data for fourth quarter of 2010 points to improved outlook; consumer spending starting to show signs of life
- business investment should make significant contribution to growth this year, encouraged by export growth
- FOMC recognises that it will need to adjust policy as outlook evolves and regularly review asset purchases
