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Federal Reserve Bank of New York, Second District
Project by
Rodolfo Capiro
Joseph Seifried
Timothy F. Geithner President and CEO since November 17,2003.
Crude Oil Futures over $140 Translates into $4.10 a Gallon of Gas, National Average
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