A perspective on the U.S. Economy and monetary policy (with reference to the music of Richard Wagner and Gangsta Rap)

Abstract: Remarks before New Mexico State University's Spring 2011 Domenici Institute Forum, Las Cruces, New Mexico, May 4, 2011 ; I will keep my comments as brief as possible this afternoon so as to leave ample time for Q&A. I want to first provide the prcis of the analysis of the nation?s economy that I presented to the FOMC (Federal Open Market Committee) last week on behalf of the 27 million citizens of the 11th District of the Federal Reserve System, including the citizens of Las Cruces and southern New Mexico. Second, I will discuss inflation as we see it at the Dallas Fed. But before getting into these weighty matters, let me demystify the Federal Reserve System and the Dallas Fed?s role within that System.>

Keywords: Federal Reserve Bank of Dallas; Federal Reserve banks; Federal Open Market Committee; Economic conditions;

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Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Speeches and Essays

Publication Date: 2011

Number: 89