Federal Reserve's First 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, February 22, 1995, Volume 4
U.S. Government Printing Office, Jan 1, 1995 - Banks and banking - 89 pages
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WEDNESDAY FEBRUARY 22
Alan Greenspan Chairman Board of Governors of the Federal Reserve Sys
Monetary Policy Report to Congress February 21 1995 52
adjust annual average Bank of Mexico billion boosted budget business cycle capacity utilization capital central bank Chairman Greenspan Committee Congress debt declined deficit deposits domestic early economic growth economists economy effects employment employment cost index expansion Fed's federal funds rate Federal Reserve financial markets fiscal FOMC foreign exchange value four quarters further gains going households income industrial inflation issue J.C. Penney loans Mexican minimum wage monetary policy monitoring range moved nomic nominal GDP nonfarm nonfinancial outlays output pace past percent percentage point peso policy actions pressures price increases price stability production quarters of 1994 rates rose real terms recent retail rise sector Senator Bennett Senator Boxer Senator Grams Senator Mack Senator Sarbanes Senator Shelby short-term interest rates slow spending substantial Thank tightening tion transaction deposits U.S. dollar unemployment rate unit labor costs volatility