Transcription of Summary of Economic Projections - Federal Reserve
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Summary of Economic Projections - Federal Reserve
For release at 2:00 , EDT, June 16, 2021 Summaryof Economic ProjectionsIn conjunction with the Federal Open Market Committee (FOMC) meeting held onJune 15 16, 2021, meeting participants submitted their Projections of the most likelyoutcomes for real gross domestic product (GDP) growth, the unemployment rate, andinflation for each year from 2021 to 2023 and over the longer run. Each participant sprojections were based on information available at the time of the meeting, togetherwith her or his assessment of appropriate monetary policy including a path for thefederal funds rate and its longer-run value and assumptions about other factors likelyto affect Economic outcomes. The longer-run Projections represent each participant sassessment of the value to which each variable would be expected to converge, overtime, under appropriate monetary policy and in the absence of further shocks tothe economy. Appropriate monetary policy is defined as the future path of policythat each participant deems most likely to foster outcomes for Economic activity andinflation that best satisfy his or her individual interpretation of the statutory mandateto promote maximum employment and price 1 of 17 For release at 2:00 , EDT, June 16, 2021 Table 1.
Jun 16, 2021 · For release at 2:00 p.m., EDT, June 16, 2021 Table 1. Economic projections of Federal Reserve Board members and Federal Reserve Bank presidents,
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