Thus, the high level of resource utilization remains an important upside risk to continued progress in reducing inflation.

NPR: Bernanke: U.S. Growth 'Moderate' as Inflation Rises

The rate of resource utilization is high, as can be seen most clearly in the tightness of the labor market.

NPR: Bernanke: U.S. Growth 'Moderate' as Inflation Rises

Moreover, if the economy grows at a moderate pace for a time, as seems most likely, pressures on resource utilization should ease.

NPR: Bernanke: U.S. Growth 'Moderate' as Inflation Rises

Although the pace of economic recovery is likely to be moderate for a time the Committee anticipates a gradual return to higher levels of resource utilization in a context of price stability.

FORBES: Ben Bernanke As The Ultimate Contrarian Indicator

The FOMC also says it continues to anticipate economic conditions, including low rates of resource utilization, subdued inflation trends and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period.

FORBES

"Nonetheless, the Committee anticipates a gradual return to higher levels of resource utilization in a context of price stability, although the pace of economic recovery is likely to be more modest in the near term than had been anticipated, " the FOMC says.

FORBES

This strategy has been conditioned on our expectation that the prices of oil and other commodities would ultimately stabilize, in part as the result of slowing global growth, and that this outcome, together with well-anchored inflation expectations and increased slack in resource utilization, would foster a return to price stability in the medium run.

FORBES: Reducing Systemic Risk

Increased efficiency results from the standardization, better resource allocation and utilization, simplified and automated provisioning processes, and overall operational efficiency improvements in the automation of all aspects of IT management.

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