The criminalization of money laundering and the formation of the basic system of AML in the financial industry symbolize the preliminary establishment of the system of AML laws and rules. 2.
estimates of the longer-run level of the federal funds rate declined 75 basis points, to 3.5 percent. When revising down their estimates of the longer-run federal funds rate, participants have generally cited a lower assessment of the economy’s longer-run potential growth rate as a contributing factor. 14  One source of uncertainty regarding the neutral federal funds rate is so-called model uncertainty.