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Other details released on Wednesday reveal that the Fed's expansion of the monetary supply is a lot of their desired effect of skyrocketing prices inside the rate of two percent per year, their own latest projections predicting increases of a person.2-1.3 percent for 2013, 1.5-1.7 percent for 2014, 1.7-2.0 percent for 2015, and i.9-2.0 percent for 2016. The projected annual growth in gross domestic product (GDP) for 2013 and 2014 was revised downward from the June projection, with the 2013 projection dropping to 2.0-2.3 percent from 2.3-2.6 percent, and the 2014 projection dropping to two.9-3.1 percent from 3.0-3.5 percent.
