United States: 2006 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
Volume/Issue:
Volume 2006
Issue 279
Publication date: July 2006
ISBN: 9781451839661
$20.00
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Topics covered in this book
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Inflation , Investments and Securities-General , Public Finance , ISCR , CR , Core CPI inflation , inflation expectation , price , core inflation , headline PPI inflation , market expectation , producer price inflation , Inflation , Housing prices , Budget planning and preparation , Securities , Global
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Summary
The U.S. economy continued to grow strongly over the year even in the face of a withdrawal of monetary stimulus and high oil prices. Executive Directors commended the Federal Reserve for its monetary tightening. They recognized that the financial sector has proven innovative and resilient. They cautioned that demographic and other pressures will continue to threaten long-term fiscal sustainability and economic prospects. They agreed that the country has a key role in catalyzing vigorous implementation of the cooperative strategy laid out by the International Monetary and Financial Committee.
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