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 Alan Greenspan appreciate assets average balance billion Board of Governors bond boosted capital gains tax central banks century date change Chairman Greenspan Chairman Leach Committee consumer consumption continue costs debt held decline deficit dollar economic growth employment employment cost index expansion exports federal debt federal funds rate Federal Reserve System financial markets fiscal FOMC forecasts foreign economies fourth quarter funds going Government income increase interest rates investment investors issue Kanjorski labor market LaFalce liquidity long-term margin ment Monetary Policy Report oil prices OPEC open market open market operations outlays output pace percent in l999 percentage point potential productivity growth purchases quarter of l999 question recent reduce repurchase repurchase agreements revenues rise risk Sanders sector short-term Social Security spending stock market substantial surpluses tax cut Thank tion Treasury debt Treasury securities trillion U.S. economy wages wealth effect workers