Reflecting Thosem News Today

welcome. let me start with the situation — welcome. let me start with the situation as we see it on the outlook_ situation as we see it on the outlook for the economy. the outlook for growth _ outlook for the economy. the outlook for growth and unemployment has improved~ — for growth and unemployment has improved. six months ago we expected a shallow_ improved. six months ago we expected a shallow but long recession. since then energy prices have fallen substantially and economic a...

The committee continues tojudge the risks to _ the committee continues tojudge the risks to inflation is skewed significantly to the upside primarily reflecting the possibility of more _ primarily reflecting the possibility of more persistence in domestic wage and price _ of more persistence in domestic wage and price setting. we think the unwinding of second round effects may take — unwinding of second round effects may take longer than it did for them to emerge — may take longer than it di...