The Fed takes its first step

Article Abstract:

An analysis of the Federal Reserve's (Fed) monetary policies and their effects on the US economy is presented. The US economy posted a 4% growth in real GDP for 2nd qtr 1999, and there are no threats to its continuing strength and stability. The Fed's main objective of keeping inflation low to promote economic growth is one reason for the success of the US economy for the past two decades. The Fed presents an indication of the directions of monetary policies through the pronouncements of the Federal Open Market Committee.

Public Finance Activities, Federal Reserve System, Federal Open Market Committee, Evaluation, United States. Federal Reserve Board, Monetary policy, Powers and duties, United States. Federal Open Market Committee

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Shifting policies and the shifting economy

Article Abstract:

A review of the economy at the start of 2000 and economic forecasts for the rest of the year are presented. The economy for 2000 is likely to be stable and growth will slow compared to 1999. Productivity is likely to rise by around 2.5%-3% whilst the Federal Reserve may choose to increase interest rates in May.

Forecasts and trends

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Old solution, new puzzles

Article Abstract:

A review of the US economy for 2000 is presented. The market will continue to grow particularly if the Federal Reserve decides to increase interest rates only once more in 2000. Productivity continues to grow rapidly whilst the economy generally slows.

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