Fed notes excess capacity
Thursday, December 11, 2003 | 02:17 PM
in Finance
"In contrast to the usual experience in economic recoveries during recent decades, the expansion appeared to be gathering momentum at a time when key measures of inflation suggested that price stability had essentially been achieved. Looking ahead, members generally anticipated that an economic performance in line with their expectations would not entirely eliminate currently large margins of unemployed labor and other resources until perhaps the latter part of 2005 or even later. Accordingly and given the presumed persistence of strong worldwide competition, significant inflationary pressures were not seen as likely." (emphasis added)
Minutes of the Federal Open Market Committee
October 28, 2003
http://www.federalreserve.gov/fomc/minutes/20031028.htm
Thursday, December 11, 2003 | 02:17 PM | Permalink
| Comments (0)
| TrackBack (0)
add to de.li.cious | 
digg this! | 
add to technorati | 
email this post
TrackBack
TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00d835382be569e2
Listed below are links to weblogs that reference Fed notes excess capacity:
Comments
The comments to this entry are closed.
