I was introduced to one of the team’s star players, but before I could press my questions on some fine points of baseball strategy, he asked, “So, what’s the scoop on quantitative easing?” So, for that player, for club members and guests here today, and for anyone else curious about the Federal Reserve and monetary policy, I will ask and answer these five questions: 1.
As regards prices, Eurostat's flash estimate for annual HICP inflation in August was 2.1%. Annual HICP inflation is likely to hover around, or be slightly above, 2% for the remainder of 2003, not least as oil price developments imply some upward pressure in the short term.