As shown in the latest Summary of Economic Projections (SEP), the median of Federal Open Market Committee (FOMC) participants’ projections for 2021 GDP growth is 6.5 percent. 2 If these projections are realized, GDP will grow at the  The views expressed are my own and not necessarily those of other Federal Reserve Board members or Federal Open Market Committee participants.
I would like to thank Chiara Scotti for her assistance in preparing these remarks. 2 The most recent SEP is available on the Board’s website at https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm. 1  -2fastest four-quarter pace since 1984.