Board of Governors of the Federal Reserve System

and-soundness concern for the bank. Directors who become financially dependent

And, despite some concerns on Wall Street about whether AI demand will...And, they stand well above their averages at times when inflation was

and/or examiners who have lost sight of the fundamental goal of encouraging...communication methods and social media, and was enabled through new technology

market expectations. Using large language models to quantify central bank...market participants revise their expectations about future policy. Keywords

Strategy (henceforth, the consensus statement). In particular, all alternatives...expectations remain well anchored at 2 percent.” The alternatives differ

expectations could move up, dragging actual inflation with them. Inflation...expectations, however, as reflected in market- and survey-based measures

expectations remain well anchored at 2 percent. The Committee expects ...market conditions, inflation pressures and inflation expectations, and

expectations formation, forecast bias, model uncertainty, rational expectations...expectations formation and the credibility of policy is emphasized. The

expectations have been broadly stable since the middle of last year, and...and, later in the period, positive political developments, including progress

expectations are driven by labor market shocks. During negative supply...andWEAI. The views expressed here are solely the responsibility of the