Price Stability Act of 1999

Summary

Price Stability Act of 1999 - Declares that the primary and overriding goal of the Board of Governors of the Federal Reserve System and the Federal Open Market Committee with regard to monetary policy shall be the achievement of price stability. Authorizes the Board and the Committee to suspend such goal if the Committee, by unanimous vote, and the President jointly determine such suspension necessary due to a public interest exigency. Instructs the Board and the Committee to establish an explicit numerical definition of the goal of price stability using prescribed criteria.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 February 1999

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• Introduced in House (PDF)

  Introduced in House · EN · 9 February 1999

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• Introduced in House

  summary · EN · 9 February 1999

  Open at official source

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