Board of Governors of the Federal Reserve System

prices, and some ill-thought-out projects, public and private. Close relations...key to withstanding economic shocks. Here, too, consensus is strong and

the Proposed 2025 Scenario Design Policy Statement) to its 2019 Policy...the 2019 Scenario Design Policy Statement).4 The Proposed 2025 Scenario

key functions to promote the effective operation of the U.S. economy and...available-for- sale securities for all banks.2 Substantial declines in

key empirical moments. Introducing domestic debt also yields relevant ...Compared to documentary collections, they are used for riskier destinations

the FOMC's announcement of a 2 percent longer-run objective for PCE price...price inflation during the next 10 years--the solid black line in figure

the most effective anti-poverty package coming out the federal government...key to successful community development is designing programs that involve

best to make monetary policy decisions in the presence of uncertainty ...key macroeconomic variables would result in more robust outcomes than

low-for-long” short-term interest rates in line with a low-for-long federal...low-for-long short-term interest rates. Such reinforcement of low- for-long

and, combined with other insights from key stakeholders and our own experiences

price of those goods, increasing the production cost for U.S. firms as...rest-of-the-world (ROW) entity modeled as one aggregate block.3 The model