Normal rates will be below 3%
The labor market has reached full employment
To maintain the strength of the labor market needs increase in the number of jobs by 80 000 per month
The unemployment rate will bottom out at 4.5%, job growth will slow
Trend growth is 1.5% -1.75% per year
The inflation rate is close to the target of 2%
The greatest risk to the US economy are global in nature
Europe still faces a very difficult economic and political situation
Fiscal policy will give little impetus to GDP growth in the first half of this year