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Other details released on Wednesday show that the Fed's expansion of the monetary supply is not having their desired effect of accelerating prices going at a rate of two percent per year, using latest projections predicting increases of .2-1.3 percent for 2013, only one.5-1.7 percent for 2014, 3.7-2.0 percent for 2015, and 1.9-2.0 percent for 2016. The projected annual increase gross domestic product (GDP) for 2013 and 2014 was revised downward originating from a June projection, with the 2013 projection dropping to 2.0-2.3 percent from 2.3-2.6 percent, and the 2014 projection dropping to 2.9-3.1 percent from 3.0-3.5 proportion.
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