On the recordMarch 23, 2000
Mr. Chairman, the performance of the economy in recent years has been very, very strong, and I think that all Americans have noted for one reason or another, either because they watched job growth, perhaps they watched the rate of unemployment fall, or perhaps they have watched income go up. But the performance has been strong and people are working all across the country. It is very encouraging. During the expansion, the Federal Reserve's policy has been gradually moving to price stability and has resulted in declines of inflation, which is hardly perceptible today, and as a result, lower interest rates, and, of course, the lowest unemployment in many decades. Those things have happened all at the same time. Now, let me repeat, we do not usually hear about low rates of inflation, low unemployment, and low interest rates all at the same time.
Said by
Jim Saxton
Source
govinfo.gov