Journal Article

The U.S. economy: a look ahead

Abstract: In a speech made to the Missouri Bankers Association in January of this year, President Hoenig of the Federal Reserve Bank of Kansas City was optimistic about our economy's future. The strong performance of the U.S. economy in 1994 is likely to continue in 1995, but at a more moderate and sustainable pace. The long-run outlook for the economy is also very positive.> Achieving our economy's full potential in the coming years, however, should not be taken for granted. Rather, it will depend on how successful we are in promoting open international markets, encouraging savings and investment, and maintaining a healthy financial system. And, most importantly, achieving sustainable economic growth in the future will depend crucially on our ability to foster and maintain price stability over time.

Keywords: Economic conditions - United States;

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Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Economic Review

Publication Date: 1995

Volume: 80

Issue: Q I

Pages: 19-22