Fed Presidents’ Speeches
Monetary Policy and the Economic Outlook
Federal Reserve Bank of Atlanta
Lockhart's baseline outlook for next year is for stronger economic activity — a growth rate in the range of 2 1/2 to 3 percent. But he is concerned about the possibility that the economy will stay on its current track and we'll see no acceleration.
U.S. and Regional Economic Conditions
Federal Reserve Bank of New York
“While growth in 2013 has been disappointing, I believe a good case can be made that the pace of growth will pick up some in 2014 and then somewhat more in 2015,” said New York Fed President William Dudley.
Economic Conditions and Monetary Policy
Federal Reserve Bank of Philadelphia
“My forecast is in line with those of my colleagues on the FOMC, whose most recent projections had a central tendency of growth of 2.0 to 2.3 percent for 2013, and accelerating to 2.9 to 3.1 percent in 2014,” said Philly Fed President Charles Plosser.
Economic Outlook, November 2013
Federal Reserve Bank of Richmond
“Yes, 2 percent growth is disappointing relative to our experience during the period of the Great Moderation, and yes, growth may continue at a rate that is slower than in the past. But productivity is rising, incomes are growing, and innovation is occurring, “said Richmond Fed President Jeffrey Lacker. “Our institutions of higher learning are worldwide leaders in research and education, and they continue to attract exceptional students from abroad. Our markets remain flexible and resilient. The public policy problems we face may be difficult, but they are certainly not insoluble. Consequently, when I take a broad view, I am fundamentally optimistic about our future.”
Reports from the 12 Federal Reserve Districts suggest that national economic activity continued to expand at a modest to moderate pace during the reporting period of September through early October.