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The minutes indicated that Fed officials saw a diminishing risk of deflation, a protracted fall in prices of the sort that has afflicted Japan for more than two decades.
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It is worth noting that Madrid was the only Spanish province that exhibited a protracted fall-winter pandemic wave as shown in Figure 1.
Admittedly, those are small falls set against the year's gains, but a protracted decline in the Chinese markets will have ripple effects.
With oil prices having fallen and a protracted war no longer a possibility, consumers and executives will probably accelerate their spending, lifting the economy from its long slump this year, Mr. Greenspan suggested to Congress last week.
But at least he fell on his sword with dignity, avoiding a protracted, messy saga.
A protracted silence.
What followed was a protracted negotiation.
A protracted three-way bidding war ensued.
He is a loud agitation in a protracted dead calm.
Gingrich instead set out a strategy for a protracted campaign.
The end of Communism is a protracted process.
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CEO of Professional Science Editing for Scientists @ prosciediting.com