But if the Fed is going to keep to a measured pace of rate increases, which many analysts say means quarter-point jumps, the inflation data has to show that the pace of price increases has slowed.
It restated its intention to keep raising them at a "measured" pace in the months ahead.
In a carefully hedged presentation, Mr. Greenspan veered little from the Fed's basic message when it raised interest rates on June 30 and said in a statement that it hoped to keep raising them at a "measured" pace over the next year.
Instead, they simply indicated that short-term rates might continue to rise at a "measured" pace in the months ahead.
The Fed indicated that it expects to continue raising the rate at a "measured" pace.
The woman spoke at a measured pace; everything about her was slow and deliberate.
Mr. Powell, whom associates described as caring little about publicity, often worked alone and always at a measured pace.
The Fed's official position is that America's extremely loose monetary policy can be tightened at a "measured" pace.
C1 Business Digest C1 OBITUARIES A16 EDITORIAL A14-15 Electionls: Election reform's Exhibit A; a measured pace on Iraq; Governor Pataki elaborates; betraying the foreign victims.
In announcing on Tuesday that the Fed would move in a "measured" pace to higher rates, it took the process one step further.
