Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
fomcprojtabl20120125

fomcprojtabl20120125

Ratings: (0)|Views: 80 |Likes:
Published by SheerazRaza

More info:

Published by: SheerazRaza on Jan 25, 2012
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

01/25/2012

pdf

text

original

 
321+_012345
Percent
Figure 1. Central tendencies and ranges of economic projections, 2012–14 and over the longer run
Change in real GDP20072008200920102011201220132014
Actual
Longerrun
Central tendency of projectionsRange of projections5678910
Percent
Unemployment rate20072008200920102011201220132014Longerrun
+_012345
Percent
PCE inflation20072008200920102011201220132014Longerrun
N
OTE
:Definitions of variables are in the notes to the projections table. The data for the variables are annual. Actual fourth-quarter 2011 values forthe change in real GDP and for PCE inflation have not yet been published by the Bureau of Economic Analysis; the plotted values of these variablesfor 2011 are the median estimates taken from the Federal Reserve Bank of New York’s January survey of primary dealers.
 
201220132014Longer run0123456 Target Federal Funds Rate at Year-End20122013201420152016
33542
012345678910
Figure 2. Overview of FOMC participants’ assessments of appropriate monetary policy 
 Appropriate Timing of Policy Firming 
 
Number of Participants
 
 Appropriate Pace of Policy Firming Percent
 
N
OTE
: In the upper panel, the height of each bar denotes the number of FOMC participants who judge that, under appropriate monetary policy and inthe absence of further shocks to the economy, the first increase in the target federal funds rate from its current range of 0 to ¼ percent will occur inthe specified calendar year. In the lower panel, each shaded circle indicates the value (rounded to the nearest ¼ percent) of an individual participant’sjudgment of the appropriate level of the target federal funds rate at the end of the specified calendar year or over the longer run.

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->