The latest version of the semi-annual Monetary Report to Congress..., also known as the Humphrey-Hawkins Report, has been released by the US Federal Reserve Board. It claims that the US economy "turned in another excellent performance in 1997," with strong growth and low unemployment and inflation. It attributes this performance to US monetary and fiscal policy. The report is divided into two parts: Monetary Policy and the Economic Outlook, and Economic and Financial Developments in 1997 and Early 1998. Available in HTML, text and Adobe Acrobat (.pdf) format, this report is accompanied by FRB Chairman Alan Greenspan's testimony of February 24, 1998.
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