# Longer Run FOMC Summary of Economic Projections for Federal Funds Rate, Median : 2.50 (As of 2022-06-15)

Not seasonally adjusted . The longer-run projections are the rates of growth, inflation, unemployment, and federal funds rate to which a policymaker expects the economy to converge over time in the absence of further shocks and under appropriate monetary policy. Because appropriate monetary policy, by definition, is aimed at achieving the Federal Reserve's dual mandate of maximum employment and price stability in the longer run, policymakers' longer-run projections for economic growth and unemployment may be interpreted, respectively, as estimates of the economy's longer-run potential growth rate and the longer-run normal rate of unemployment; similarly, the longer-run projection of inflation is the rate of inflation which the FOMC judges to be most consistent with its dual mandate in the longer-term. The projections for the federal funds rate are the value of the midpoint of the projected appropriate target range for the federal funds rate or the projected appropriate target level for the federal funds rate at the end of the specified calendar year or over the longer run. 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. This series represents the median value of the range forecast established by the Federal Open Market Committee. For each period, the median is the middle projection when the projections are arranged from lowest to highest. When the number of projections is even, the median is the average of the two middle projections. Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.
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### Historical Data

Date Value YOY (%)
2018-12-19
2.80
0%
2019-09-18
2.50
-10.71%
2019-12-11
2.50
-10.71%
2020-06-10
2.50
-10.71%
2020-09-16
2.50
-10.71%
2019-06-19
2.50
-10.71%
2021-03-17
2.50
-10.71%
2021-06-16
2.50
-10.71%
2021-09-22
2.50
-10.71%
2021-12-15
2.50
-10.71%
2022-03-16
2.40
-14.29%
2019-03-20
2.80
0%
2022-06-15
2.50
-10.71%
2020-12-16
2.50
-10.71%
Total 42
Related Item Date Value Unit 1-Year Growth 3-Year Growth 5-Year Growth 10-Year Growth
Longer Run FOMC Summary of Economic Projections for Federal Funds Rate, Median
2022-06-15
2.50
%
-
-3.44%
-3.58%
-5.21%
Longer Run FOMC Summary of Economic Projections for the Growth Rate of Real Gross Domestic Product, Central Tendency, Midpoint
2022-06-15
1.90
%
-
-
-
-2.47%
Longer-Run FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Median
2022-06-15
4
%
-
-2.21%
-2.75%
-
Longer Run FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Central Tendency, Midpoint
2022-06-15
3.85
%
-3.98%
-3.35%
-3.70%
-3.63%
FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Central Tendency, Midpoint
2024-01-01
4
%
+1.27%
-2%
+2.41%
-
FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Range, Midpoint
2024-01-01
3.75
%
-2.60%
-3.71%
+1.10%
-
Longer Run FOMC Summary of Economic Projections for the Personal Consumption Expenditures Inflation Rate, Central Tendency, Midpoint
2022-06-15
2
%
-
-
-
-