U.S. inflation developments in 1995
AbstractIn setting monetary policy in 1995, the Federal Reserve sought to promote sustainable economic growth and continued progress toward price stability. Toward those ends, the Federal Reserve adjusted the stance of monetary policy three times in 1995. In February, amid signs of increasing inflationary pressures, policy was tightened. In July and December, in response to signals of a slowing economy and abating inflationary pressures, policy was eased.> Clark reviews inflation developments in the United States during 1995. The first section examines the actual behavior of inflation over the past year. The second section examines developments in inflation expectations in 1995. The third section describes the contents and rationale of legislation introduced in Congress in 1995 that would make price stability the primary long-run goal of Federal Reserve monetary policy.> Clark concludes that inflation developments of the past year were largely favorable. Although some important inflation measures, notably the consumer price index, rose slightly relative to the previous year, inflation overall remained moderate. Moreover, expectations of inflation declined in 1995, so that future inflation is generally expected to remain near the current level. The Federal Reserve, therefore, appeared to be successful in maintaining moderate inflation during the year and in convincing the public that inflation will remain moderate in the period ahead.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Federal Reserve Bank of Kansas City in its journal Economic Review.
Volume (Year): (1996)
Issue (Month): Q I ()
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (LDayrit).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.