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 Economic Growth and Credit Formation of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One Hundred Third Congress, First Session, July 20, 1993, Volume 4
United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Economic Growth and Credit Formation
U.S. Government Printing Office, 1993 - Business & Economics - 89 pages
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average balance sheets banks billion bond budget deficit Chairman Greenspan Chairman Kanjorski concern Congress Consumer price index continued costs credible credit crunch debt deceleration decline deficit reduction depository credit deposits disinflation dollar economic activity economic expansion economic growth effects employment ERIC FINGERHUT expenditures Federal Open Market Federal Reserve Federal Reserve System financial markets firms fiscal FOMC fourth quarter going gross domestic product growth cone households impact income indicated industrial inflation expectations inflationary investment issue June Knollenberg LaFalce loans long-term interest rates lower McCollum ment moderate monetary aggregates monetary policy months mortgage mutual funds nominal GDP nonfinancial Open Market Committee Orton outlays pace past Percent change percentage point price pressures quarter of 1993 question range real rates recent relative remained restraint Roth Schumer second quarter sector slack spending subcommittee substantial tax increase term testimony Thank tion trend unemployment rate velocity weak