Board of Governors of the Federal Reserve System

Quarterly Report on Federal Reserve Balance Sheet Developments August 2017 B O A R D O F G O V E R N O R S O F T H E F E D E R A L R E S E R

Meeting of the Federal Open Market Committee December 16, 1997 A meeting of the Federal Open Market Committee was held in the offices of the Board

inflation ran at more than a 4 percent annual rate over the past two months...inflation relative to last year's pace. To be sure, on the real side,

inflation worldwide. Thus, although market participants responded favorably

inflation generally contained, central banks in these countries are providing

inflation, most Treasury yields initially rose and private security prices...inflation pressures as justification for a 1/4 percentage point increase

Inflation Expectations Michigan Survey Philadelphia Fed Survey TIIS Inflation...inflation rate that would equalize the price of the ten-year TIIS and

Prefatory Note The attached document represents the most complete and accurate version available based on original copies culled from the files

inflation over the next twelve months climbed to 4 percent, the median...inflation over the next five to ten years inched up to 3.2 percent, while

inflation picture remains stable in spite of slower growth, I was looking...inflation for the foreign countries, based on this recent dollar depreciation