Anticipates some strengthening in labor market conditions

Macroeconomic effects of any tax changes are uncertain

Changes in tax policy will likely give lift to economy in coming years

Will do utmost to ensure smooth transition to new Fed chief Powell

Fed prepared to resume reinvestments in maturing securities if economic outlook warranted this

Fed did discuss tax policy; most colleagues factored in fiscal stimulus into their outlook along lines of what congress is considering

Stock valuations is on the list of risks for fed; not a major factor

Fed policymakers see tax package as mostly boosting aggregate demand but having potential of boosting aggregate supply

Says Fed has not studied negative rates to any considerable extent