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"The central outlook for the economy, and prices, have worsened more than had initially been predicted," said Masaaki Shirakawa, the governor of the Bank of Japan.
At its meeting today, the Committee noted that the incoming data over the past couple of months had been broadly consistent with the central outlook for output growth and inflation contained in the May Report.
The central outlook of the Precepts is a distrust of basic human nature and an emphasis on the necessity for supervision of all aspects of human life (Fr. 35 Wehrli).
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Mr. Hoenig, the Fed's lone policy dissenter in recent months, did not address the central bank's outlook on the economy or monetary policy.
"Perhaps most central to the outlook for consumer spending will be developments in the labor market," he told Congress last month.
The Federal Reserve's largely symbolic cut in the rate it charges for banks to borrow emergency funds directly signals a dramatic shift in the central bank's outlook in just 10 days time.
The Federal Open Market Committee meeting minutes released Tuesday indicated that the central bank's outlook was gloomy when it made an unprecedented move in cutting its benchmark federal funds rate to a target range of 0.0% to 0.25% on December 16.
The central bank's cautious outlook added to more volatility in the stock markets.
But the central bank cut its outlook for exports and output, citing global economic risks, and it signaled that it was ready to expand stimulus again if needed.
His emphasis on the preservation of democratic government and the opportunities of free labor as central to the patriotic outlook is hardly new — one need only read Lincoln's wartime speeches to find eloquent expression of these themes.
In its twice-yearly outlook, the central bank's monetary policy board said that it expected Japan's $4.6 trillion economy to expand 2.5percentt, and consumer prices to fall 0.3percentt in the fiscal year beginning in April.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com