Excerpt from Federal Reserve's Semiannual Report of Monetary Policy, 1994: Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Third Congress, Second Session; July 20, 1994 In summary, in my view, the economy is not growing too rapidly. While the labor market is improving, there's no basis for alarm that we will soon run out of available workers. To slam on the monetary brakes before we can restore employment conditions to their pre-recession levels would be a cruel mistake. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.