Federal Reserves First Monetary Policy Report Hrg S Hrg 110 182 Com On Banking Housing And Urban Affairs Us Senate 110th Congress 1st Session

Author : United States Congress
Publisher : Forgotten Books
ISBN 13 : 9780656469116
Total Pages : 100 pages
Book Rating : 4.4/5 (691 download)

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Download or read book Federal Reserve; Recent Monetary Policy Actions written by United States Congress and published by Forgotten Books. This book was released on 2018-02-13 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Federal Reserve; Recent Monetary Policy Actions: Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Third Congress, Second Session As we know, the Fed has raised short-term interest rates in steps now by a full percentage point since Chairman Greenspan's last visit here to the Committee, which was in March of this year. We have requested this meeting to discuss the reasons for those moves and their implications and where we seem to be going now. By way of review, the economy's performance recently has been very good. Over the past year, gross domestic product has risen a strong percent, including this morning's upward revision in the first quarter. Which, as I understand it, has some technical aspects to it which the Chairman may get into later. This kind of growth, of course, over the last year increases our national income which we want to see, and it helps reduce the budget deficit, and that has been a very stubborn problem, as we all know. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.