Fed Repeats Expects Economic Conditions Will Evolve in Way That Warrants "only Gradual Increases" in fED Funds Rate

Fed Repeats With Gradual Adjustments to Monetary Policy, Economic Activity Will Expand at Moderate Pace, Labor Market Will Strengthen

Fed says Household Spending Growth Has moderated But Households' Real Income Has Risen at a Solid Rate

Fed says Labor Markets have improved Further Even As Economic Growth Appears to have Slowed

Fed Repeats Inflation Is expected to Remain Low in Near Term, But rise to 2 Pct Over Medium Term