Fed Expects Slowdown to Deepen

By EDMUND L. ANDREWS

WASHINGTON, Nov. 20 — The Federal Reserve expects economic growth to slow sharply next year, and policy makers there are worried that even this forecast may prove too optimistic, according to an assessment that the central bank released on Tuesday.

In a new effort to be more open, the Fed released a detailed forecast that summarized the predictions of the Fed governors and regional bank presidents.