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Inside the Mind of Alan Greenspan
By Mel Duvall
2005-04-06
Article Views: 2280
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Inside the Mind of Alan Greenspan - 'ZIFFPAGE TITLEFederal Reserve Board Base ' (
Page 8 of 8 ) Case">
 Federal Reserve Board Base Case
Headquarters: 20th St. and Constitution Ave. N.W., Washington, DC 20551
Phone: (202) 452-3000
Business: U.S. monetary policy, economic research
Chief Information Officer: Stephen Malphrus
Budget 2004-2005: $529 million.
Challenge: To collect and analyze more than 1.5 million economic statistics to help devise monetary policy and affect performance of the U.S. economy.
Baseline Goals
- Keep inflation, as measured by personal consumption expenditures, at 1.75% or less in 2005 and 2006, about the same as last year's 1.6% increase.
- Grow the economy by 3.5% or more, compared to 3.75% in 2004.
- Reduce unemployment to 5.25% or less, from 5.4% in 2004.
- Work with the White House to reduce the federal deficit, from $412 billion last year.
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