Excerpt from Interest Rates, Wages, Employment, and Inflation: Hearing Before the Committee on the Budget, House of Representatives, One Hundred Third Congress, Second Session, June 22, 1994 The Federal Reserve's moves to increase short-term interest rates this year are most appropriately understood in an historical context. 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.