Federal Reserve's Second Monetary Policy Report for 1995: Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Fourth Congress, First Session, on Oversight on the Monetary Policy Report to Congress Pursuant to the Full Employment and Balanced Growth Act of 1978, September 22, 1995, Volume 4 |
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Page 2
... However , the potential of technology is not yet fully apparent in the economy . After avoiding a scare with recession , the economy appears to be rebounding slightly . Housing , industrial production and auto sales have moved higher 2.
... However , the potential of technology is not yet fully apparent in the economy . After avoiding a scare with recession , the economy appears to be rebounding slightly . Housing , industrial production and auto sales have moved higher 2.
Page 4
... recession , that the Fed has don its job . However , I believe the Fed ought to be more concerned abou jobs and growth than on occasion it seems to be . For example , in the July report , most members of the Federa Open Market Committee ...
... recession , that the Fed has don its job . However , I believe the Fed ought to be more concerned abou jobs and growth than on occasion it seems to be . For example , in the July report , most members of the Federa Open Market Committee ...
Page 10
... recession has declined . I also noted that one could not expect the transition to a more sustainable growth path to be entirely smooth . Rough patches were also encountered in past economic expansions , typically because businesses did ...
... recession has declined . I also noted that one could not expect the transition to a more sustainable growth path to be entirely smooth . Rough patches were also encountered in past economic expansions , typically because businesses did ...
Page 25
... recession at the end of the day . Senator SARBANES . Well , now let's just do the reverse . If there's no inflationary problem , would cutting the rates pro- vide an impetus to economic activity and to economic growth and to jobs ...
... recession at the end of the day . Senator SARBANES . Well , now let's just do the reverse . If there's no inflationary problem , would cutting the rates pro- vide an impetus to economic activity and to economic growth and to jobs ...
Page 31
... recession has declined . I also noted that one could not expect the transition to a more sustainable growth path to be entirely smooth . Rough patches were also encountered in past economic expansions , typically because businesses did ...
... recession has declined . I also noted that one could not expect the transition to a more sustainable growth path to be entirely smooth . Rough patches were also encountered in past economic expansions , typically because businesses did ...
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Common terms and phrases
2.5 percent ALAN GREENSPAN Association of Manufacturers balance the budget balanced budget believe BILL FRIST budget deficit budget into balance CAROL MOSELEY-BRAUN central bank Chairman GREENSPAN COMMITTEE ON BANKING Congress consequences contentious continue Core inflation create default economic activity Federal funds rate Federal Reserve missed financial markets fiscal house fiscal policy goal going Government growth rate important increase inflationary inventory issue jobs and growth labor LAUCH FAIRCLOTH legislation long-term economic growth long-term interest rates look forward ment MONETARY POLICY REPORT moving multiyear deficit reduction OPENING STATEMENT PATTY MURRAY PHIL GRAMM pressures price stability prime rate private sector problem production question quote rate by 25 real GDP real interest rates real long-term interest recession reduce remained modest Reserve's ROD GRAMS Senator FAIRCLOTH Senator GRAMS Senator MACK Senator SARBANES spending Staff Director STATEMENT OF SENATOR sunset taking concrete action there's tion unemployment URBAN AFFAIRS