Fed Inde

Rubin says Fed is independent

 


http://library.whitehouse.gov/PressReleases.cgi?date=1&briefing=11

 

September 29, 1998

STATEMENT BY TREASURY SECRETARY ROBERT E. RUBIN AND COUNCIL OF

ECONOMIC ADVISERS CHAIR JANET L. YELLEN

THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release September 29, 1998

 

STATEMENT BY TREASURY SECRETARY ROBERT E. RUBIN AND

COUNCIL OF ECONOMIC ADVISERS CHAIR JANET L. YELLEN

 

The Administration respects the independence of the Federal Reserve in making decisions about the nation's monetary policy. We share the goal of solid economic growth with low inflation.

Recent indicators suggest that the U.S. economy continues to enjoy moderate growth, low unemployment and low inflation, despite the challenges posed by the recent international financial turmoil. We believe that the U.S. economy will continue on this healthy course.

 

30-30-30

http://www.uhuh.com/laws/fed-inde.htm

 

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