Conduct of Monetary Policy: Report of the Federal Reserve Board Pursuant to the Full Employment and Balanced Growth Act of 1978, P.L. 95-523, and the State of the Economy : Hearing Before the Subcommittee on Domestic and International Monetary Policy of the Committee on Banking and Financial Services, U.S. House of Representatives, One Hundred Fifth Congress, Second Session, February 24, 1998, Volume 4
U.S. Government Printing Office, Jan 1, 1998 - Monetary policy - 91 pages
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acceleration aggregate Alan Greenspan annual appreciation Asia Asian economies assets average balance banks Bentsen billion capital Chairman Castle Chairman Greenspan Committee concerned Congress consumer price continued costs countries crisis currencies debt decline demand dollar earnings effect employment cost index equity prices expansion expenditures exports federal funds rate Federal Reserve fiscal FOMC foreign fourth quarter Frank further gains going gross domestic product Hinchey households impact important income increase industries inflation inflation expectations inflationary investment labor markets LaFalce loans lower ment Metcalf monetary policy moved NAIRU nomic nominal GDP nonfinancial opportunity cost outlays output percentage point preemptive price index price stability problems productivity growth profits quarters of 1997 question real interest rates recent restraint rise rose Roukema sector subcommittee substantial surplus testimony Thank tightening tion trade deficit transactions accounts Treasury Treasury securities trend U.S. dollar unemployment United velocity wages workers