Transcript: INFLATION TARGETING REFORM OF FEDERAL RESERVE INTRODUCED

00-00-0000
FOR IMMEDIATE RELEASE CONTACT: DANIEL GUIDO FEBRUARY 9, 1999 202-226-0603

INFLATION TARGETING OF FEDERAL RESERVE INTRODUCED

Fed Chairman Greenspan Supportive of Inflation Targeting Objective

WASHINGTON, D.C. - Legislation to mandate price stability as the primary goal of Federal Reserve monetary policy was introduced today by Congressman Jim Saxton, who will serve as Joint Economic Committee (JEC) Vice- Chairman in the 106th Congress. The bill, The Price Stability Act of 1999, mandates the use of inflation targets by the Federal Reserve to achieve the price stability objective. At a JEC hearing Saxton chaired last year, ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!