In combination, monetary and fiscal policies have set a stable foundation for private sector decision making. As good as policy has been, it clearly does not deserve all the credit for the exceptional recent performance. I have a rule I religiously follow: If you didn’t predict it, don’t take credit for it.
Whether there is a risk of domestic deflation or whether some collateral damage could be imported from deflation elsewhere. Whether there will be further monetary easing (in the AEs in one part of the globe) or whether there will be a shift in the perception of the timing of monetary tightening (at the Fed, across the other side of the globe).