Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C.
Washington, DC–(ENEWSPF)–February 26, 2013.
Chairman Johnson, Ranking Member Crapo, and other members of the Committee, I am pleased to present the Federal Reserve’s semiannual Monetary Policy Report. I will begin with a short summary of current economic conditions and then discuss aspects of monetary and fiscal policy.
Current Economic Conditions
Since I last reported to this Committee in mid-2012, economic activity…
