Federal Reserve's First Monetary Policy Report for 2005: Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, First Session, on Oversight on the Monetary Policy Report to Congress Pursuant to the Full Employment and Balanced Growth Act of 1978, February 16, 2005 |
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Contents
WEDNESDAY FEBRUARY 16 | 1 |
Alan Greenspan Chairman Board of Governors of the Federal Reserve Sys | 48 |
Monetary Policy Report to the Congress February 16 2005 | 56 |
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ALAN GREENSPAN assets Basel bond boosted borrowing capital Chairman Greenspan Chairman Shelby Congress consumer spending core inflation create current account deficit debt decline dollar employment energy prices equity expansion expectations exports Federal funds rate Federal Open Market Federal Reserve Federal Reserve System financial markets fiscal FOMC FOMC meeting forced savings foreign fourth quarter going growth HMDA household income increase inflation initial benefit interest rates investment investors issue labor long-term look forward ment Monetary Policy Report mortgage move national savings oil prices Open Market Committee pace PAYGO percent private accounts problem productivity question recent remained retirement rise risk Senator Bayh Senator Bennett Senator Bunning Senator Carper Senator Corzine Senator Crapo Senator Reed Senator Sarbanes Senator Schumer Senator Stabenow Social Security talking tax cuts Thank things tion Tip O'Neill Treasury securities U.S. banking U.S. economy unified budget