- Fed to begin the process of steadily and predictably reducing its balance sheet later this year
- His forecast is for real US GDP to grow a bit below 3% this year and for the unemployment rate to end the year around 3.5%.
- Expects PCE price inflation to drop back to around 3% this year and fall further next year as supply issues continue to recede
There's nothing here to indicate whether he prefers 25 bps or 50 bps.
