Says:

  • Congress needs to improve fiscal policy
  • Correct Fiscal policy would prompt economic boom
  • Fed should not be intervening all the time in the markets
  • Fed eventually wants to reduce balance sheets.
  • US dollar looking good as reserve currency near-term
  •  Yuan May eventually pose challenges reserve currency
  • Doesn’t see asset bubble like housing bubble
  • Sees GDP growth exceeding 3% rate in 2nd, 3rd and 4th quarters
  • US economy, not too different from postwar norm
  • Unemployment fall below 6% in 2nd half
  • Ending re-investments of maturing debt may be useful fed tightening

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