Anthony Santomero
Anthony Santomero
acceptable confident economic level number transition
A number of sectors will need to transition before we can be confident of an acceptable level of economic activity.
adjustment cannot current interest level maintained near policy rates
The current level of short-term interest rates cannot be maintained indefinitely, ... However, any policy adjustment need not take place in the near future.
dual employment environment firmly full mandate price remains stable
Our dual mandate of fostering full employment and a stable price environment remains firmly in place,
chairman confident greenspan passing smooth successor torch
I am confident that the passing of the torch from Chairman Greenspan to his successor will be smooth and seamless.
appears close neutral policy
Our policy appears to be close to neutral now.
adjustment near policy
Any policy adjustment need not take place in the near future,
demand itself oil pressure price puts seen side supply
As we have seen with oil and gas, the supply side impairment itself automatically puts upward pressure on prices. Simultaneously stimulating demand would only exacerbate those price pressures,
annual bit course domestic further gross growth moderate outlook product settling year
The outlook is for real gross domestic product to moderate a bit further over the course of the year and next, settling at a sustainable 3.0 pct annual growth pace.