Board of Governors of the Federal Reserve System

key driver of business cycles over the last few decades. JEL: D83, E12...key aspects of the business cycle, such as countercyclical uncertainty

key sectors -- retailing, manufacturing, commercial real estate, and financial...Compared with a year ago, same-store sales were little changed, on balance

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prices soared; moreover, inflation in core consumer prices--as measured...the economy approaches full utilization of its productive capacity only

key support for healthy economic performance. They have helped to create...the-job training programs, especially in technical areas, in many of the

prices soared; moreover, inflation in core consumer prices--as measured...the economy approaches full utilization of its productive capacity only

prices for some consumer goods. The 12-month change in the price index...prices—which exclude often-volatile food and energy prices and are generally

key functions to promote the effective operation of the U.S. economy and...prices in the U.S. economy; ■ promotes the stability of the financial

best possible judgments to bear on these questions. Besley, Meads and ...key issues and analysis. Finally, dissent is accepted, indeed encouraged

the 7 members of the Board of Governors and the 12 presidents of the Federal...best satisfy his or her individual interpretation of the Federal Reserve's