It also says it will purchase additional treasury assets as part of an accommodative policy. It repeat language from previous statements, where it sol it will use the full range of tools to support the economy the statement says weak demand and oil prices are holding down inflation, but the path principally depends on the virus. It says it poses considerable risk to the mediumterm outlook. There were two dissets, from the dallas and minneapolis fed, differences in what they wanted. Capellan wanted more flexibility. Let me tell you about the outlook for gdp. They actually dramatically well, they were looking for a 6. 5 gdp decline, now looking for a 397 decline they were looking for nine and change, now looking for 7. 6. Ill go directly to the actual table here and put my glasses on, and tell you what it says here inflation they have upgraded from 0. 8 to 1 mounta. 2 there it is, folks the path of policy 0. 1 for 2020, 0. 1 for 2021 0. 1 for 2022, and drumroll, please, 0. 1 for 2023 the
the inflation reduction act yesterday at the white house just hours after the release of new disappointing data on inflation and as the stock market fell while he spoke. we ll look at the next possible steps to help bring down costs for americans. plus we ll get into the latest developments on the documents seized from mar-a-lago as a judge unseals more information about the search and the possibility that trump might be holding on to more classified information. and also ahead, south carolina senator lindsey graham unites republicans and democrats, but not in the way he hoped. we ll have about his bill that upsets some on both soids of the aisle. good morning, welcome to way too early on this wednesday, september 14th. i m jonathan lemire. thanks for starting your day with us. a judge has unsealed previous hi redacted information relating to the fbi search of former president trump s mar-a-lago home and club in palm beach, florida. the bulk of the material has to do wi