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, 105th Congress, Second Session, February 24, 1998
United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Domestic and International Monetary Policy
U.S. Government Printing Office, 1998 - Business & Economics - 91 pages
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acceleration aggregate Alan Greenspan annual appreciation Asia Asian economies assets average balance banks BENTSEN billion budget capital Chairman CASTLE Chairman Greenspan Committee concerned Congress continued costs countries crisis currencies debt decline demand dollar earnings economic growth effect employment cost index equity prices expansion expenditures exports February 24 federal funds rate Federal Reserve fiscal FOMC foreign fourth quarter FRANK 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 pace percent in 1997 percentage point preemptive price stability problems productivity growth profits quarters of 1997 question recent restraint rise rose ROUKEMA sector subcommittee substantial surplus testimony Thank tightening tion trade deficit transactions accounts Treasury Treasury securities trend U.S. dollar United velocity wages workers