• Twist should foster a stronger recovery, ease monetary conditions
• Economic estimates inherently uncertain; subject to revision
• Supply chair disruption has diminished, oil prices have fallen from peaks, boosting consumer spending
• Moderate pace of growth expected
• Unemployment will decline only gradually in coming quarters
• Pace of progress likely to be frustratingly low
• Significant downside risks, mostly from Europe
• Inflation appears to have moderated; slack in prices and wages
• Prepared to employ tools as appropriate