FOMC members see US contraction next year
The projections, which are revised every quarter, show five of the 17 committee members predicting a contraction. Two expect the economy to shrink by 0.9% to 1% next year, one sees a contraction of 0.8% to 0.7%, and two 0.2% to 0.1%.
The FOMC comprises five Fed governors and the presidents of the 12 regional Feds. The
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