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Transcripts For FBC Countdown To The Closing Bell 20130918

But the midpoint of your inflation projections are below your 2 target through 2016. Is that inconsistent with the lift off during that time. Is there a case that your threshold should be supplemented with a lower balance right, you wont taken if inflation is at or below some lower balance . In the latter part, of course you are seeing interestrate projections and inflation projections separately. Each individual making their own projection. I think you are right i. That is one of the reasons that i think we can be very patient in raising the federal funds rate as we have not seen any inflation pressure. Im having an inflation floor. That would be in addition to the guidance we are discussing how we might clarify the guidance on the federal funds rate. That is certainly one possibility. I guess an interesting question there is whether we need Additional Guidance on that given that we do have a target, and of course implicit in our policy strategy is trying to reach that target for infl

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