Source: U.S. Federal Open Market Committee
Release: Summary of Economic Projections
Projections for the unemployment rate are for the average civilian unemployment rate in the fourth quarter of each year. Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year; the central tendencies exclude the three highest and three lowest projections for each year. This series represents the low value of the central tendency forecast established by the Federal Open Market Committee.
Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.
Federal Reserve Bank of St. Louis and U.S. Federal Open Market Committee, FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Central Tendency, Low [UNRATECTL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/UNRATECTL, February 19, 2020.