S.Con.Res.25 - A concurrent resolution expressing the sense of the Congress that the Federal Reserve System should continue to promote a reduction in interest rates.98th Congress (1983-1984)
Concurrent ResolutionHide Overview
|Sponsor:||Sen. Garn, E. J. (Jake) [R-UT] (Introduced 04/15/1983)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 04/15/1983 Referred to the Committee on Banking. (All Actions)|
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Summary: S.Con.Res.25 — 98th Congress (1983-1984)All Information (Except Text)
Introduced in Senate (04/15/1983)
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.