Detailed text transcripts for TV channel - CNN - 20110427:18:17:00
Recommendations of the subdued inflation trends and stable inflation expecttations are likely to warrant low levels for the federal funds rate for an extended period. in conjunction with today's meetings, fomc participants suggested recommendations for economic growth, the unemployment rate and the inflation rate for the years 2011 to 2013 and over the longer run. these projections are conditional on each participant's individual assessment of the appropriate path of monetary policy best needed to promote the committee's objectives. a table showing the projections has been distributed. i will ...
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