The Fed also said it will continue to increase its bond holdings, targeting Treasury purchases at $80 billion a month and mortgage-backed securities at $40 billion.
........... Fed funds rate: 0%-0.25% through 2022, with the long-run rate at 2.5%
GDP: -6.5% in 2020, 5%, 3.5%, 1.8%
Unemployment: 9.3%, 6.5%, 5.5%, 4.1%.
Headline inflation: 0.8%, 1.6%, 1.7%, 2%.
Core inflation: 1%, 1.5%, 1.7%.
...........
The “dot plot” of committee members’ rate expectations shows little dissent about keeping rates anchored through 2022. The committee’s 17 members unanimously saw the the near-zero stance holding through 2021, and only two expected that to rise in 2022. No members indicated negative rates, a question that has come up repeatedly for Fed officials during public appearances.