- Fed officials see moderate growth in next few years
- Inflation expectations remain reasonably low
- We expect jobs conditions will improve somewhat further
- Broader measures of labor market slack have moved lower
- "Overall, these economic projects are very similar to the ones made in September"
- Fed funds rate is only modestly below neutral rate
- Gradual rate hikes are consistent with Fed's projections in dot plot
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Wednesday, December 14, 2016
Yellen press conference: Expect inflation to rise to 2% over next couple of years
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