Moreover, points out Mr Schubert, the mid-point of the inflation projection for 2002 is 1.9%, within the definition of price stability.
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The point-and-figure projection points much lower.
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The third of a percentage point lift would limit the downside risk to our Q4 GDP growth projection, which remains 2.0%.
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"The boulder signals a point in time and a concrete idea of the launch and a projection into the future, " said Mike Stanley.
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Eighty percent of the Recovery Act funds targeted for surface transportation was spent out -- the projection was we would have only spent out 55 percent at this point.
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