Federal Reserve's Monetary Policy Report, Feb 2006

The Federal Reserve published its February 2006 Monetary Policy Report to the Congress on Wednesday 15 February. The U.S. economy should continue to perform well in 2006 and 2007. But higher energy prices will probably exert some restraint on activity for a while longer, the report said.

"But so long as energy price increases slow, as is suggested by futures prices, this restraint should diminish as 2006 progresses. In addition, economic activity should receive some impetus from post-hurricane

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