•  President Plosser is optimistic about the housing recovery. He believes that even though sales have leveled off recently, prices are still rising, and fundamentals remain sound, including stronger household formation, solid job growth, and consumers with stronger balance sheets. •  He thinks that the U.S. economy is on firmer footing today than it has been in several years.
He expects continued progress in 2014. He adds that one of the more encouraging signs for the economy comes from the labor market.