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of cash that they will not invest because of regulatory uncertainty and fear of higher taxes and inflation Therefore businesses are not creating the jobs necessary to re employ more people and increase the...subject as well entitled Too Lose for Too Long The Fed eral Reserve is taking a great risk with inflation that would not be necessary if the other levers of the private economy that the gov ernment can...on that subject as well Too Loose for Too Long The Federal Reserve is taking a great risk with inflation that would not be necessary if the other levers of the private economy that the government can move...

the unemployment rate to normal levels then we must not burden expected returns with higher taxes inflation interest rates and restrictive regulations And if the private econ omy grows there will be more...the unemployment rate to normal levels then we must not burden expected returns with higher taxes inflation interest rates and restrictive regulations If the private economy grows there will be more money...

month President Obama signed his historic stimulus bill promising to jump start the economy re store consumer confidence and put people back to work Today with historic numbers of Americans desperate for...longer than a year So these numbers are clearly very concerning Chairman Casey And you said they are historic numbers Commissioner Hall Yes Both in level and percent and almost any way you look at it yes Chairman...years ago President Obama signed his historic stimulus bill prom ising to jump start the economy restore consumer confidence and put people back to work Today with historic numbers of Americans desperate for...

The Federal Reserve established by Con gress is responsible for trying to make sure that we keep inflation low and stable over time Representative Brady Are you shirking responsibility for the design of...bility of the financial system Mortgage interest rates are at his toric lows Treasury is borrowing at historic lows Americans are saving more We are borrowing dramatically less from the rest of the world than...base tripling in the last 4 years and how is this Administration going to deal with the inevitable inflation Secretary Geithner We have established by the Congress an independent Fed with a basic obligation...

to wind down its emergency credit facilities and reduce excess bank reserves to pre vent higher inflation There are a number of questions to be asked and answered today I look forward to visiting with the...pressures diminished appreciably Weakness in de mand and reduced cost pressures have continued to keep inflation low so far this year Although energy prices have recently risen some the personal consumption expenditure...a year ear lier Food price inflation has also continued to slow as the moderation in crop and livestock prices has been passing through to the retail level Core PCE inflation which excludes food and energy...

about the debt And I will say well what does that mean to you Well they are con cerned then about inflation They are concerned about interest rates going up in the long term They are concerned about tax in...of total U S employment has been declining over the past 60 years labor productivity has grown to historic highs By comparison to other countries such as China our closest contender the pro ductivity of...

to 80 percent These women earn 80 percent and I can do further calculations here with my pocket calculator if you want I can turn this data over to your staff It s right there for anybody to see on the...

Democrats Members Publications Press Center Receive Updates Republicans Joint Economic Committee Anti Inflation Program as Recommended in the President s Message of November 17 1947 80th Congress Print Facebook...Facebook Twitter Email Report File https www jec senate gov reports 80th Congress Anti Inflation Program as Recommended in the President s Message of November 17 1947 4 pdf Permalink https www jec senate gov...

supply of goods and services As pointed out in the Board s statement to this committee correction of inflation at its advanced stand had to be on a broad front fiscal policy had to be our main reliance and monetary...bank s hold in the form of Government bonds So that it is a reversal of deficit financing which is inflation ary Therefore it is equally as deflationary on the money system as it is inflationary during The...credit extension We think it would have some effect but we can t say that it would be very anti inflation ary or very restrictive Representative HUBER At that point Mr Eccles during consid eration of the...

uncertainty There is even concern of a another crisis but there are certainly concerns about higher inflation higher interest rates down the road So I think the solution to this slow recovery this weak recovery...that will definitely be beneficial to people who are wor ried about the debt who are worried by inflation and are worried about higher interest rates down the road So I think I would emphasize so much just...paying because of the debt incurred as a result of the re cession we are not going to be go back to historic levels of spending as a share of GDP without more revenues And the President s pro posals would...