Transcripts of the monetary policymaking body of the Federal Reserve from 2002–2008.

The final exhibit presents your forecasts for 2007 and 2008. I’ll be mercifully brief. The central tendency shows real GDP increasing 2½ to 3 percent this year and roughly the same next year, with the unemployment rate holding in the range of 4½ to 4¾ percent during both years. The central tendency of your projections sees the core inflation rate falling ¼ percentage point over the next two years. That concludes our prepared remarks, Mr. Chairman. I’ll be happy to take your questions.

Keyboard shortcuts

j previous speech k next speech