If, however, core import prices were expected to resume trending down relative to consumer prices, then the model as specified would imply that the unemployment rate consistent with inflation stabilizing at 2 percent in the longer run would be somewhat lower than 4-1/2 percent. - 21 particular factor.
Y2K disruptions to utility services or depository institutions can also directly affect the Federal Reserve’s ability to conduct business. So, in order to plan for the continuity of services, it may be necessary to consider available alternate ways to provide services if a Year 2000 problem is identified.