Reinvestment will be terminated before the rate hike

Departmental sales of securities will begin after the first rate increase

The optimal rate of monetary policy in 2012 include the purchase of assets

The risks for GDP are bearish nature of the

The risks of inflation expectations are balanced

In the case of deteriorating economic conditions may increase the program of asset purchases

We can not say about the future pace of easing in credit conditions

Departmental sales of securities are unlikely to begin before 2015

Sales of securities SOMA completed in 3-5 years

Prospects for recovery of the real estate market look dim

In the coming quarters is expected to moderate economic growth and a gradual decline in unemployment

In 2012/13 years expected to accelerate the pace of GDP growth

At the end of 2013 unemployment will still be at a high level

Export growth will be limited by the slow recovery of world economy