Federal Reserve Bank of New York, Second District

1
Federal Reserve Bank of New York, Second District
Timothy F. Geithner President and CEO since
November 17, 2003.

• Project by
• Rodolfo Capiro
• Joseph Seifried

2
Small Increase on Real Consumption at the
National Level, due to the Stimulus Checks
3
Gross Domestic Product Growth in the 1st Quarter
for the National Economy
4
Price Increases and Inflation Outlook for the
National Economy
5
National CPI as the Leader Indicator of Inflation
for U.S. Consumers
6
Reduction of Payroll Rise of Unemployment as
Signs of Weakness on the Labor Markets
7
Personal Income Decline From Previous Months
attributed to Weak Business Conditions
8
Regional CPI Mostly in Line with the National
Average
9
Flat Payroll Employment due to Layoffs on the
Financial Sector of the Regional Economy
10
More Subprime Related Writedowns to Come for
Security Dealers on the Coming Quarters
11
The Falling Dollar, Cheaper U.S. Goods, Greater
Foreign Demand, Boost on Exports
12
Crude Oil Futures over 140 Translates into 4.10
a Gallon of Gas, National Average
13
NO Change on the Federal Funds Interest Rate at
2.00, Until Signs of Economic Recovery at the
Regional and National Level

• Economic Slowdown would Put Downward Pressure on
  Prices
• More Writeoffs on the Coming Quarters Causing
  Weakness on Financial Markets
• The Risk of a U.S. and a Global Recession
  Outweighs Prices Increases