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Started By
Message
re: July 30-31 FOMC Minutes
Posted on 8/21/13 at 1:54 pm to LSURussian
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.
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