In particular, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee’s 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored” (paragraph 5).
I strongly urge you to consider how your firm, and the wider industry, can support the change to a more sustainable future. Let me move to some other areas of focus. We recognise the benefits which many firms derive from the relationships with the wider group to which they belong.