Possible Monetary Policy Could Be Affected for Some Time by Uncertainty Over Fiscal Policy, Effects on Economy

Many Sources of Uncertainty Affecting Trajectory of U.S. Economy, Monetary Policy

Has Been Speculation About Significant Changes to Fiscal Policy of Late

Magnitude, Composition, Timing of Any Fiscal Changes as Yet Unknown

Even Once Any Changes Enacted, Uncertainty Will Remain About Effects on Economy

Additional Fiscal Demand Will Likely Result in Inflationary Pressures When Economy Close to Full Employment, Inflation Near Target