Market Watch - "Economists divided on meaning of 12 words" (10-25-06)

"What does 'moderate growth' mean for the Fed and interest rates?"

"Going forward, the economy seems likely to expand at a moderate pace."
It's the kind of forward-looking language that Fed Chairman Ben Bernanke seeks to use to give the public a better idea about Fed policy. It's purposely conditional, based on a forecast that may or may not come true. See full story.