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- Title
Monetary Policy Report to the Congress.
- Abstract
The economic expansion in the United States gathered strength during 2003 while price inflation remained quite low. At the beginning of the year, uncertainties about the economic outlook and about the prospects of war in Iraq apparently weighed on spending decisions and extended the period of subpar economic performance that had begun more than two years earlier. During the next several months, evidence was accumulating that the economy was strengthening. The fundamental factors underlying the strengthening of economic activity during the second half of 2003 should continue to promote brisk expansion in 2004.
- Subjects
UNITED States; PRICE inflation; ECONOMIC expansion; ECONOMIC recovery; ECONOMIC development; ECONOMIC indicators; MONETARY policy
- Publication
Federal Reserve Bulletin, 2004, Vol 90, Issue 2, p125
- ISSN
0014-9209
- Publication type
Article