Fed Leaves Rates Unchanged, Signals No Change in 2020

The video discusses the Federal Reserve's rate projections, indicating no expected rate changes through the 2020 election, with only a few members foreseeing a need for rate increases in the following years. The current monetary policy is deemed appropriate to support economic growth, with a focus on monitoring global developments and inflation. Economic projections show slight changes in unemployment rates, while GDP and inflation forecasts remain stable. The balance sheet direction remains unchanged, with T bill purchases and repo operations continuing into the next year.

How do the growth and inflation forecasts change for the years 2020 to 2022?

What is mentioned about the balance sheet direction in the statement?