Made No Comments on Timing of Future Interest Rate Increases
Fiscal Policies More Likely to Promote Faster Growth, Boost Productivity, Than Monetary Policy
Increased Saving, Reduced Investment May Have Driven 'Sizeable Decline' in Natural Rate
Low Natural Rate May Reflect Deeper Economic Problems, Including Lower Growth Potential
Shocks Might Render Conventional Monetary Policy Ineffective
Ultralow Rates May Reflect More Than Just Cyclical Forces