Board of Governors of the Federal Reserve System

black dot) for that scenario is 6.4 percent—roughly $430 billion in loan...black dot) for that scenario is 6.3 percent—roughly $430 billion in loan

history of the Federal Reserve. Today’s extraordinary conditions are well-known...Black circles=FOMC forecasts Red square=Stock and Watson forecast 3 of

month. Return to table 2. Net outright positions include all U.S. government

months; its average monthly decrease over the preceding nine months had...month; nevertheless, this index remained 10.4 percent below its year-earlier

months, with similarly sized gains in each of its three major components...months earlier. After having increased in the previous two months, the

months and for 10 of the past 12 months. At 99.7 percent of its 2002 average...months have reversed much of the slide in this index during 2008. Among

months, the index for consumer goods has risen 2.3 percent, with the production...month without a gain. The index has risen 1.4 percent in the last 12 months

month, manufacturing output excluding motor vehicles and parts rose 0.2...months, but remained more than 15 percent below its January 2001 peak.

months ending in December, total industrial production increased 4.4 percent...month of similarly sized gains. Industrial and other equipment rose 1.3

month of strong expansion; factory production climbed at an annual rate...month. This index rose 5.9 percent during the 12 months ending in March