Monetary Policy Report submitted to the Congress on February 27, 2008, pursuant to section 2B of the Federal Reserve Act
| Period | Federal | State and local |
|---|---|---|
| 2001 | 6.42 | 4.22 |
| 2002 | 7.83 | 2.10 |
| 2003 | 5.54 | -0.38 |
| 2004 | 2.43 | -0.37 |
| 2005 | 1.33 | 0.66 |
| 2006 | 3.69 | 1.84 |
| 2007 | 1.62 | 2.98 |
Source: Department of Commerce, Bureau of Economic Analysis.