- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: July 30-31 FOMC Minutes
Posted on 8/21/13 at 1:43 pm to LSU0358
Posted on 8/21/13 at 1:43 pm to LSU0358
quote:
important note it looks like the new unemployment goal could be 7% where previous meetings have mentioned 6-6.5.
quote:
In addition, the Committee reaffirmed its intention to keep the target federal funds rate at 0 to ¼ percent and retained its forward guidance that it anticipates that this exceptionally low range for the federal funds rate will be approp riate at least as long as the unemployment rate remains above 6½ percent, infla- tion between one and two years ahead is projected to be no more than a half percentage point above the Committee’s 2 percent longer-run goal, and longer- term inflation expectations continue to be well anchored.
1
Posted on 8/21/13 at 1:54 pm to LSURussian
From page 7:
And
if economic conditions continued to develop broadly as
anticipated, the Committee would reduce the pace of
purchases in measured steps and conclude the purchase
program around the middle of 2014. At that point, if
the economy evolved along the lines anticipated, the
recovery would have gained further momentum, unemployment
would be in the vicinity of 7 percent, and
inflation would be moving toward the Committee’s 2
percent objective.
Notice I said "could be", because it wasn't in the Policy action section. Just very interesting to me that 7% was mentioned at all, when it hasn't been before.
And
if economic conditions continued to develop broadly as
anticipated, the Committee would reduce the pace of
purchases in measured steps and conclude the purchase
program around the middle of 2014. At that point, if
the economy evolved along the lines anticipated, the
recovery would have gained further momentum, unemployment
would be in the vicinity of 7 percent, and
inflation would be moving toward the Committee’s 2
percent objective.
Notice I said "could be", because it wasn't in the Policy action section. Just very interesting to me that 7% was mentioned at all, when it hasn't been before.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News