A concurrent resolution expressing the sense of the Congress that the Federal Reserve System should continue to promote a reduction in interest rates.

Summary

Declares that it is the sense of Congress that the Federal Reserve System, in conducting monetary policy for 1983, should continue to promote a reduction in interest rates consistent with sustainable economic growth and without rekindling inflation. Declares that the Federal Reserve System should permit reductions in interest rates resulting from reduced projected budget deficits without attempting to offset these reductions through a more restrictive monetary policy.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 15 April 1983

   Introduced

   Referred to the Committee on Banking.

   Source: IntroReferral

2. 15 April 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 15 April 1983

  Open at official source

Sponsors

• Sen. Garn, E. J. (Jake) [R-UT] · R · Sponsor
• Sen. Proxmire, William [D-WI] · D · Sponsor
• · ssbk00 · Standing

Related records

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