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 Committee on Banking and Financial Services, U.S. House of Representatives, One Hundred Sixth Congress, Second Session, February 17, 2000, Volume 4
U.S. Government Printing Office, 2000 - Monetary policy - 113 pages
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aggregate aggregate demand Alan Greenspan appreciate assets average balance billion Board of Governors bond boosted capital gains tax century date change chain-type price index Chairman Greenspan Chairman Leach Committee Congress consumption continue costs debt held decline deficit demand dollar domestic economic growth employment February February 17 federal debt federal funds rate Federal Reserve System financial markets fiscal FOMC foreign economies fourth quarter funds going Government household income increase interest rates investment investors issue labor market LaFalce liquidity long-term ment Monetary Policy Report nonfinancial oil prices open market open market operations outlays output pace percent in 1999 potential productivity growth purchases quarter of 1999 question real GDP recent reduce repurchase repurchase agreements revenues rise risk sector Social Security Spencer Bachus spending stock market substantial surplus tax cut Thank tion Treasury debt Treasury securities U.S. economy wages wealth effect year-end