Economic 2

Introduction The American economy has many components which contribute to its growth and which affect its rate of inflation, but the overriding stimuli stem from the monetary and fiscal controls imposed by the Federal Reserve and government, respectively. The economy has enjoyed modest growth for several years, and that can be expected to continue. The Federal Reserve is likely to raise interest rates in late 1999 or early 2000 in order to keep the rate of inflation …

…Exhibits ("Interest Rates," 1999, p.1) ("Table A-5," 1999, p.1) References Discount rates. (1999, August). New York: Federal Reserve Board of Governors. Internet address: http://www.bog. frb.fed.us/releases/H15/data/ww/dwb.txt. Kraus, J. (1998, May 7). Supervision reforms called for to remedy Asian financial woes. American Banker, p. 20. Table A-5: Employment status of the civilian population by sex and age. (1999). Washington, DC: Bureau of Labor Statistics. Internet address: http://stats.bls.gov/webapps/ legacy/cesatab5.htm.