Filed under: Forecasts, Economic Data, Federal Reserve
The Federal Reserve minutes released Wednesday show that all is not well with the U.S. economy. The Fed put it bluntly by saying that if the economic outlook "were to worsen" further central bank action might be needed.
Fed officials expect below normal growth through 2012, and their outlook on unemployment has dipped. They said that it may take as long as five or six years before the economy returns to a longer run sustainable path.
There seems to be little pressure on inflation. The Fed uses the price index for personal consumption expenditures, excluding food and energy, as its main tool. The estimates are for inflation to remain in the 0.9% to 1.2% range.
Continue reading Fed Minutes Indicate More Stimulus May be Needed
Fed Minutes Indicate More Stimulus May be Needed originally appeared on BloggingStocks on Thu, 15 Jul 2010 11:40:00 EST. Please see our terms for use of feeds.
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Federal Reserve System - Central bank - Unemployment - Inflation - BloggingStocks