Declares that it is the sense of the Congress that the Federal Reserve System shall manage monetary policy to accommodate the growth in the nominal gross national product required to achieve real economic growth comparable to the average rate for the first eight quarters of previous postwar recoveries. Requires such rate to be calculated on the basis of recoveries beginning in 1954, 1958, 1961, 1971, and 1975.
Introduced in Senate
Referred to the Committee on Banking.
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