Comparing US Fed's views on economy, spending

Published on NewsOK Modified: June 19, 2013 at 1:38 pm •  Published: June 19, 2013
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INFLATION:

Then: "Inflation has been running somewhat below the Committee's longer-run objective, apart from temporary variations that largely reflect fluctuations in energy prices."

Now: The Fed says that recent declines in inflation are likely temporary: "Partly reflecting transitory influences, inflation has been running below the Committee's longer-run objective, but longer-term inflation expectations have remained stable."