Humphrey–Hawkins Act

E259060

United States federal law macroeconomic policy law

The Humphrey–Hawkins Act is a 1978 U.S. federal law that set explicit national goals for full employment, price stability, and economic growth, and established regular reporting requirements for the Federal Reserve and the President on economic policy.

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All labels observed (3)

Label	Occurrences
Humphrey–Hawkins Act canonical	5
Humphrey-Hawkins Act	1
Humphrey–Hawkins Full Employment Act	1

Statements (49)

Predicate	Object
instanceOf	United States federal law ⓘ macroeconomic policy law ⓘ
aimsToPromote	a stable monetary and financial system ⓘ
aimsToProtect	purchasing power of the dollar ⓘ
alsoKnownAs	Humphrey–Hawkins Act ⓘ surface form: Humphrey–Hawkins Full Employment Act
containsProvision	employment objectives for different demographic groups ⓘ numerical inflation rate targets ⓘ numerical unemployment rate targets ⓘ requirement for a five-year economic plan by the President ⓘ statement of national economic policy goals ⓘ
country	United States of America ⓘ surface form: United States
enactedInDecade	1970s ⓘ
enactedInYear	1978 ⓘ
establishesReportingFrequency	twice a year ⓘ
focusesOn	controlling inflation ⓘ coordination of fiscal and monetary policy ⓘ reducing unemployment ⓘ
fullOfficialName	Full Employment and Balanced Growth Act of 1978 ⓘ
influences	Congressional oversight of the Federal Reserve ⓘ Federal Reserve monetary policy communication practices ⓘ
jurisdiction	United States government ⓘ surface form: United States federal government
legislativeChamberOfOrigin	United States House of Representatives ⓘ
legislativeChamberOfPassage	United States Senate ⓘ
namedAfter	Augustus F. Hawkins ⓘ Hubert H. Humphrey ⓘ
presidentAtEnactment	Jimmy Carter ⓘ
primaryPolicyArea	employment policy ⓘ macroeconomic policy ⓘ monetary policy ⓘ price stability policy ⓘ
publicLawNumber	Public Law 95-523 ⓘ
relatedTo	Employment Act of 1946 ⓘ dual mandate of the Federal Reserve ⓘ
reportingBody	Federal Reserve Board of Governors ⓘ surface form: Board of Governors of the Federal Reserve System President of the United States ⓘ
reportRecipient	United States Congress ⓘ
requires	Federal Reserve Chair testimony before Congress on monetary policy ⓘ regular economic policy reports by the President to Congress ⓘ semiannual monetary policy reports by the Federal Reserve to Congress ⓘ
setsNationalGoal	balanced economic growth ⓘ balanced federal budget over the business cycle ⓘ full employment ⓘ price stability ⓘ
shortName	Humphrey–Hawkins Act self-link ⓘ
signedBy	Jimmy Carter ⓘ
sponsor	Augustus F. Hawkins ⓘ Hubert H. Humphrey ⓘ
statutesAtLargeCitation	92 Stat. 1887 ⓘ
titleNumberInUSCode	15 ⓘ

Referenced by (7)

Full triples — surface form annotated when it differs from this entity's canonical label.

Full Employment and Balanced Growth Act of 1978 → alsoKnownAs → Humphrey–Hawkins Act ⓘ

Full Employment and Balanced Growth Act of 1978 → shortTitle → Humphrey–Hawkins Act ⓘ

Humphrey–Hawkins Act → shortName → Humphrey–Hawkins Act self-link ⓘ

Humphrey–Hawkins Act → alsoKnownAs → Humphrey–Hawkins Act ⓘ

this entity surface form: Humphrey–Hawkins Full Employment Act

Federal Reserve to report monetary policy objectives to Congress → isRelatedTo → Humphrey–Hawkins Act ⓘ

subject surface form: Federal Reserve reports of monetary policy objectives to Congress

this entity surface form: Humphrey-Hawkins Act

semiannual Humphrey–Hawkins testimony → legalBasis → Humphrey–Hawkins Act ⓘ

Public Law 95-523 → shortName → Humphrey–Hawkins Act ⓘ