Board of Governors of the Federal Reserve System

Summary: Staff of the Federal Reserve Board met with representatives of

Economic Studies seminar series for helpful comments. I thank Jiandong...Economic Research, as well as Loren Brandt, Johannes von Biesebrouck,

Economic Adviser, Federal Reserve Bank of Minneapolis Mr. Sandberg, Manager...of--to use Mr. Zijlstra's terminology--"draining the market a bit through

of, or fully guaranteed as to principal and interest by, any agency of...last-Wednesday-of-the-month basis, was now estimated to have contracted

OF) N/A - - H - - 0 BANK OF CHINA NY BR NEW YORK, NY BANK OF CHINA (FBO...OF) N/A - - H - X 2,207 BANK OF EAST ASIA NY BR NEW YORK, NY BANK OF EAST

OF) N/A - - H - - 0 BANK OF CHINA NY BR NEW YORK, NY BANK OF CHINA (FBO...OF) N/A - - H - X 1,981 BANK OF EAST ASIA NY BR NEW YORK, NY BANK OF EAST

economic developments. The U.S. economy slowed significantly last year...economic activity and inflation, the Committee decided to raise interest

ECONOMIC AND FINANCIAL CONDITIONS By the Staff Board of Governors of the...SUMMARY AND OUTLOOK Outlook for economic activity Over-all demands are

economic growth and price stability as balanced, and to retain the “measured...economic data releases that were read as confirming that the expansion

Economic Association meetings for helpful comments. Updating the Racial...of the explained portion of the racial wealth gap] range between 12 and