shortrt, the larger the fall of employment or inflation from the respect to the object is set by the and the longer any such shortfall is expected to persist, the longer the target federal funds rate is likely to remain in the present 02 one quarter percent -- in the one quarter to percent range. indicators of inflation pressures, and inflation expectations and ratings on financial developments. as i have noted, the fomc's assessment over these factors are present is consistent with the characterization provided in previous forward guidance. the committee continues to willipate the conditions likely want maintaining the current range to the federal funds rate for a considerable time after the asset purchase program ends. especially if projected inflation continues to run below the committees two percent and provided the longer-term inflation expectations remain well anchored. the fomc also supplemented its guidance pertaining to the. --. periodaining to the after the purchase program ends. the statement continues to note that in deciding on the pace for removing accommodation, the co