Statement by Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System, before the Subcommittee on Domestic and International Monetary Policy of the Committee on Banking and Financial Services, U.S. House of Representatives, February 24, 1998.(Statements to the Congress)(Transcript)

Federal Reserve Bulletin | April 1, 1998 | Copyright

Statement by Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System, before the Subcommittee on Domestic and International Monetary Policy of the Committee on Banking and Financial Services, US. House of Representatives, February 24, 1998

I welcome this opportunity to present the Federal Reserve's semiannual report on economic conditions and the conduct of monetary policy. I

The U.S. Economy in 1997

The U.S. economy delivered another exemplary performance in 1997. Over the four quarters of last year, real gross domestic product ...

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