2  For more on the subject, see Charles I. Plosser, “The Outlook and the Hazards of Accelerationist Policy,” remarks before The University of Delaware Center for Economic Education and Entrepreneurship, Newark, DE, February 14, 2012. BIS central bankers’ speeches  5  Conclusion In summary, I believe that the economy is continuing to improve at a moderate pace.
We are likely to see growth of around 3 percent in 2014. Prospects for labor markets will continue to improve, and I expect the unemployment rate will continue its decline, reaching 6.2 percent by the end of 2014. I also believe that inflation expectations will be relatively stable and that inflation will move up toward our goal of 2 percent over the next year.