|
|
Article: Statement by Alan Greenspan, Board of Governors of the Federal Reserve System, before the subcommittee on Domestic and International Monetary Policy, Committee on Banking and Financial Services, U.S. House of Representatives, July 19, 1995.(Statements to the Congress)
- Article from:
- Federal Reserve Bulletin
- Article date:
- September 1, 1995
CopyrightCOPYRIGHT 1995 Board of Governors of the Federal Reserve System. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
I am pleased to appear today to present the Federal Reserve's semiannual report on monetary policy. In February, when I was last here for this purpose, I reported that die U.S. economy had turned in a remarkable performance in 1994. Growth had been quite rapid, reaching a torrid pace by the final quarter of die year, when real gross domestic product rose at a 5 percent annual rate and final sales increased at a 5 3/4 percent rate. Inflation had remained subdued through year-end, although productive resources were stretched: The unemployment rate had fallen to its lowest level in years, while manufacturing capacity utilization had been pushed up to a historically high level.
Related newspaper, magazine, and journal articles:
|
|
Article: Construction and monetary policy: a view from the ...
Economic Commentary (Cleveland);
February 15, 1999 ;
700+ words
... ... supposed that the Federal Reserve has given borrowers ... performance of the Federal Reserve, then it's ... performance of monetary policy is like judging ... conventional view" of monetary policy, the Federal Reserve is often presumed ...
|
|