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 Domestic and International Monetary Policy of the Committee on Banking and Financial Services, U.S. House of Representatives, One Hundred Fifth Congress, Second Session, July 22, 1998, Volume 4
United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Domestic and International Monetary Policy
U.S. Government Printing Office, Jan 1, 1998 - Monetary policy - 117 pages
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Greenspan Hon Alan Chairman Board of Governors the Federal Reserve
AFLCIO prepared statement David A Smith Director of Public Policy
acceleration aggregate Alan Greenspan annual rate Asia Asian crisis Asian economies average BACHUS balance banks billion budget capital Chairman CASTLE Chairman Greenspan Committee concern continued costs crony capitalism debt decline deficit demand developments dollar domestic economic growth effect equity prices expansion expected exports factors federal funds rate Federal Reserve FOMC forecasts fourth quarter full employment funds gains GREGORY MEEKS half hourly compensation households Humphrey-Hawkins impact income increase Indonesia inflation inflationary International Monetary International Monetary Fund investment Japan Japanese labor markets loans long-term interest rates ment monetary policy months nomic nominal opportunity cost output overall pace percent potential pressures price stability problems productivity quarter of 1997 real GDP recent reduced remained Reserve's rising risk second quarter sector slowed spending subcommittee surplus tax cuts Thank tion Treasury Treasury securities trend U.S. dollars U.S. economy unemployment rate velocity wage yield curve