Our country and our economy need informed citizens who can think independently and critically. More pertinent to today’s meeting, let me also thank you for your interest in teaching your students about the history and role of the Federal Reserve. As many of you have discovered, the Federal Reserve has a variety of classroom tools available through our education portal, FederalReserveEducation.org .
The report is based on the revised national accounts for the 1st half of the year, so the forecast deviates from forecasts published by Danmarks Nationalbank in September and of the Ministry of Finance in August. In addition, a choice has been made to the effect that the higher-than-planned public consumption in 2010 must be counterbalanced in 2011.