Federal Reserve's Second Monetary Policy Report for 1995: Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Fourth Congress, First Session, on Oversight on the Monetary Policy Report to Congress Pursuant to the Full Employment and Balanced Growth Act of 1978, September 22, 1995, Volume 4 |
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Results 1-5 of 6
Page 4
... interest rates on July 6th , it noted , I quote , " inflationary pressures have receded . " Since then the inflation used has been even more favorable . As measured by the CPA , inflation has risen at a mere 1.9 percent annual rate for ...
... interest rates on July 6th , it noted , I quote , " inflationary pressures have receded . " Since then the inflation used has been even more favorable . As measured by the CPA , inflation has risen at a mere 1.9 percent annual rate for ...
Page 5
... Federal funds rate average 1.85 percent for the last 40 years , but is running at 3.1 percent today . The prime rate is even more significant to the economy than the Federal funds rate since it reflects the rate at which companies ...
... Federal funds rate average 1.85 percent for the last 40 years , but is running at 3.1 percent today . The prime rate is even more significant to the economy than the Federal funds rate since it reflects the rate at which companies ...
Page 17
... Fed have more than one ob- jective ? As you know , I have- Chairman GREENSPAN . I don't think we should have more than one primary objective because we really only have one tool which is the Federal funds rate . What we cannot do is ...
... Fed have more than one ob- jective ? As you know , I have- Chairman GREENSPAN . I don't think we should have more than one primary objective because we really only have one tool which is the Federal funds rate . What we cannot do is ...
Page 23
... Fed funds , the 40 - year average 1.84 percent , the current rate 3.13 percent . On the prime rate , where I earlier alluded to the fact that there was a greater gap , the 40 - year average 3.37 percent , and the cur- rent prime rate ...
... Fed funds , the 40 - year average 1.84 percent , the current rate 3.13 percent . On the prime rate , where I earlier alluded to the fact that there was a greater gap , the 40 - year average 3.37 percent , and the cur- rent prime rate ...
Page 25
... rate ? Chairman GREENSPAN . I don't know how to answer that without knowing the full context of what it is we are ... Federal funds rate . Senator SARBANES . But I take it you assume that your impact on the short - term rates has an ...
... rate ? Chairman GREENSPAN . I don't know how to answer that without knowing the full context of what it is we are ... Federal funds rate . Senator SARBANES . But I take it you assume that your impact on the short - term rates has an ...
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Common terms and phrases
2.5 percent ALAN GREENSPAN Association of Manufacturers balance the budget balanced budget believe BILL FRIST budget deficit budget into balance CAROL MOSELEY-BRAUN central bank Chairman GREENSPAN COMMITTEE ON BANKING Congress consequences contentious continue Core inflation create default economic activity Federal funds rate Federal Reserve missed financial markets fiscal house fiscal policy goal going Government growth rate important increase inflationary inventory issue jobs and growth labor LAUCH FAIRCLOTH legislation long-term economic growth long-term interest rates look forward ment MONETARY POLICY REPORT moving multiyear deficit reduction OPENING STATEMENT PATTY MURRAY PHIL GRAMM pressures price stability prime rate private sector problem production question quote rate by 25 real GDP real interest rates real long-term interest recession reduce remained modest Reserve's ROD GRAMS Senator FAIRCLOTH Senator GRAMS Senator MACK Senator SARBANES spending Staff Director STATEMENT OF SENATOR sunset taking concrete action there's tion unemployment URBAN AFFAIRS