...Reserve Banks. The Federal Reserve Act sets goals for policy, requiring that the Federal Reserve shall "maintain long run growth of the monetary and credit...of maximum employment, stable prices, and moderate longterm interest rates." The law also requires the Fed to report to the Congress annual target ranges...

...in the monetary and credit aggregates appropriate to facilitating prompt economic recovery: and (2) maintain long run growth of the monetary and credit...term interest rates. Pursuant to this resolution, and takinir into account the international flows of funds and conditions in the international money and...

...maintain longrun growth of the monetary and credit aggregates commensurate with the economy's longrun potential to increase production, so as to promote...stable prices, and moderate long term interest rates." Now, that means — and I am glad it means — that among its several major objectives the Federal...

...maintain longrun growth of the monetary and credit aggregates commensurate with the economy's longrun potential to increase production, so as to promote...stable prices, and moderate long term interest rates." Now, that means — and I am glad it means — that among its several major objectives the Federal...

...the resolution called for money supply to be expanded . . . commensurate with our economy's long-term potential to increase production, so as to promote...of maximum employment, stable prices, and moderate long-term interest rates. In this regard, the Congress rejected the defeatist theory that we can reduce...

...in the monetary and credit aggregates appropriate to facilitating prompt economic recovery ; and (2) maintain long run growth of the monetary and credit...commensurate with the economy's long run potential toincrease production, so as to promote effectively the goals of maximum employment, stable prices,...

...the Board and the open market committee to conduct policies — again I quote from the resolution — "to promote effectively the goals of maximum, employment, stable prices and moderate long-term interest rates." We shall have two other hearings. Tomorrow, Tuesday, May 4, the committee...

...introduced by the Chairman of this Committee last year indicated Chat the Board and FOMC "... shall maintain long run growth of the monetary and credit...stable prices, and moderate long term interest rates." I support the explicit statement of the goals of monetary policy as expressed here. The test of monetary...

...run growth of the monetary and credit aggregates commensurate with the economy's long run potentital to increase production, so as to promote effectively...stable prices, and moderate long term Interest rates." I support the explicit statement of the goals of monetary policy as expressed above. The test of monetary...

...maintaining the longrun growth of monetary and credit aggregates commensurate with the economy's iongrun potential to increase production so as to promote...of maximum employment, stable prices, and moderate long-term interest rates. The thing that made that attractive to me, aside from the fact that part...