The current level of short-term interest rates cannot be maintained indefinitely, ... However, any policy adjustment need not take place in the near future.
The outlook is for real gross domestic product to moderate a bit further over the course of the year and next, settling at a sustainable 3.0 pct annual growth pace.
Any policy adjustment need not take place in the near future,
Our dual mandate of fostering full employment and a stable price environment remains firmly in place,
A number of sectors will need to transition before we can be confident of an acceptable level of economic activity.
Our policy appears to be close to neutral now.
We have been moving monetary policy toward neutrality for some time, and our policy appears to be close to neutral now.
Indications are that the economy is making up much of the lost ground in the current quarter.
our payments system will continue to change as evolutionary forces generate new innovations in payments and new ways to deliver them.
shift gears, moving from its current stance, geared to stimulating a recovery, to a more neutral stance.