Board of Governors of the Federal Reserve System

remained 8 percent below its pre-recession peak; among its major industry...remained about 2 1/4 percent below its pre-recession peak. The index for

remaining errors are ours. 1 1 Introduction Studies such as Lowe and Borio...yield minimal false positive and false negative signals), and have good

remained flat. Among respondents from service-producing industries, providers...yields in California also generally were high, with the exception of some

remain very tight, with reports of substantial pay increases for some ...remain strong." In Sioux Falls, S.D., the value of January building permits

moving shorter-run inflation expectations in response to the new strategy...about—or does not believe in or act on—the commitment to a makeup strategy

stable prices in the U.S. economy; ■ promotes the stability of the financial

stable, with the exception of increases in health care and property insurance...lower than last year in Billings, Mont., and Sioux Falls, S.D., according

remained about unchanged from the January survey, whereas the net percentage...remained elevated but were slightly lower than those reported in the January

lower, but the rate was on the low side of the objective--or below it-...yields rose between announce- ment dates and the auctions, and yields

moving the economy toward the Committee’s longer-run goals, by promoting...or the outlook for inflation) as well.4 The final section of the memo