Report for: January 2012
Source: Federal Reserve
Federal Reserve Note:
Appropriate monetary policy, by definition, is the future path of
policy that each participant deems most likely to foster outcomes for
economic activity and inflation that best satisfy his or her
interpretation of the Federal Reserve’s dual objectives of maximum
employment and stable prices.
Appropriate Timing of Policy Firming
Number of participants who believe policy firming will occur
in the given year
Year Number of Responses
Jan12
Report
2012 3
2013 3
2014 5
2015 4
2016 2
—————————————————–
Appropriate Pace of Monetary Firming
Target Federal Funds Rate at Year-End (in pct)
Number of Responses
End of Year 2012 2013 2014 Longer Run
Average FFR* 0.35 0.56 1.07 4.21
0.25 14 11 6 0
0.50 1 1 2 0
0.75 0 2 1 0
1.00 2 1 2 0
1.25 0 0 0 0
1.50 0 0 1 0
1.75 0 1 0 0
2.00 0 1 1 0
2.25 0 0 0 0
2.50 0 0 3 0
2.75 0 0 1 0
3.00 0 0 0 0
3.25 0 0 0 0
3.50 0 0 0 0
3.75 0 0 0 1
4.00 0 0 0 7
4.25 0 0 0 3
4.50 0 0 0 6
Note: All reponses rounded to nearest 1/4 pecent except all values
below 37.5 basis points are rounded to 0.25%
* MNI Calculation
** Market News International Washington Bureau (202) 371-2121 **
[TOPICS: MTABLE,M$U$$$,MMUFE$,MGU$$$,MFU$$$]
