Board of Governors of the Federal Reserve System

February—and its subsequent reversal in March—were due to the snowstorms...the first quarterly increase since the onset of the recession.1 With the

prices and mortgage rates. Sales were concentrated in lower priced homes...Prices declined further for inputs such as steel. Energy prices increased

prices were stable or showed a moderate decline. Manufacturing Output ...prices they pay for raw materials have declined, some significantly. Moreover

Federal Reserve Board Oral History Project Interview with Edwin M. Truman Former Staff Director, Division of International Finance Date: November

price index, and the exchange value of the dollar, respectively, over ...off-the-run Treasury yield curve. Return to text Bottom-center panel Wilshire

and, for the most part, delays have not caused production problems. Stiff...the highest level since February�as President Clinton dispatched an aircraft

Key Bank); Joseph Barry (State Street); Timothy Becker, Mario Mastrantoni...and, among other things, the letter will address the proposed “Accounting

prices of goods and services that are important inputs to medical care...and, importantly for our identi�cation strategy, show both that they exhibit

price stability have fostered clearer price signals, more efficient resource...prices of oil and other imports. These declines reduced both the prices

Prices Contacts reported that upward price pressures diminished somewhat...prices, keeping overall price inflation modest. Wage increases reportedly