Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
State of the Economy hearing this week
WASHINGTON (2/25/08)—The House Financial Services Committee will hold a two-day Humphrey-Hawkins Act hearing on monetary policy and the state of the U.S. economy. In announcing the Feb. 26-27 hearings, a committee release noted that on Feb. 20 the Federal Reserve joined other forecasters in predicting slower economic growth, higher unemployment, and an elevated rate of inflation for the U.S. economy. “In light of these forecasts, the hearings will focus on the appropriateness of monetary policy over the past six months and consider what further actions might be taken,” the release said. Fed Chairman Ben Bernanke will be the sole witness at the hearing’s second-day session as he presents his semi-annual report to Congress. A panel of economists will address the issues during the first day of hearings. The 1978 Humphrey-Hawkins, which required the Federal Open Market Committee to report on the economy and monetary policy twice a year, expired in mid-2000, yet the traditional semi-annual forums are still generally referred to by that name.


RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
3 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
5 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
8 hours ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
8 hours ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
10 hours ago