Interest rates, wages, employment, and inflation: hearing before the Committee on the Budget, House of Representatives, One Hundred Third Congress, second session, June 22, 1994, Volume 4
U.S. Government Printing Office, 1994 - Business & Economics - 35 pages
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abroad adjustment aggregate aggregate supply Alan Greenspan avoid enacting policies bias Bob Rubin budget deficit capacity utilization capital Chairman Sabo changes Clinton plan committee Congressman Consumer Price Index context costs creases debt degree dollar economic activity economic growth effect efficient movement embodied in long-term fact faster Federal budget Federal funds rate Federal Reserve financial markets fiscal policy flation Frank of Massachusetts going health care plan impact important individuals across regions inflation expectations inflation premium embodied inflationary pressures investment issue judgment Kasich labor market Larry Kudlow long-term interest rates long-term rates look MARTIN OLAV SABO McMillan measure ment monetary policy move natural rate nomic Orton outlook percent Pomeroy potential productivity question real interest rates real rates reduce Reserve's rise Shays significant Smith of Michigan spending Stenholm suggest tax policy testimony Thank tightened tion U.S. economy unemployment rate