semiannual Humphrey–Hawkins testimony
E259063
The semiannual Humphrey–Hawkins testimony is a twice-yearly report by the Federal Reserve Chair to Congress on monetary policy, economic conditions, and the Fed’s policy objectives.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Humphrey–Hawkins testimony | 1 |
| semiannual Humphrey–Hawkins testimony canonical | 1 |
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
congressional testimony
ⓘ
monetary policy report ⓘ |
| alsoKnownAs |
semiannual Humphrey–Hawkins testimony
ⓘ
surface form:
Humphrey–Hawkins testimony
semiannual monetary policy testimony ⓘ |
| audience |
financial markets
ⓘ
general public ⓘ members of the United States Congress ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| effect |
can influence financial market expectations
ⓘ
can signal future monetary policy direction ⓘ |
| frequency | twice a year ⓘ |
| givenBy |
Chair of the Federal Reserve
ⓘ
Federal Reserve Board governors ⓘ
surface form:
Federal Reserve Board of Governors representative
|
| governsPeriod |
forecasts for the coming year or more
ⓘ
previous half-year economic and policy developments ⓘ |
| hasPart |
oral testimony by the Fed Chair
ⓘ
prepared written report ⓘ question-and-answer session with members of Congress ⓘ |
| includes | Monetary Policy Report ⓘ |
| isAbout | dual mandate of the Federal Reserve ⓘ |
| language | English ⓘ |
| legalBasis |
Full Employment and Balanced Growth Act of 1978
ⓘ
Humphrey–Hawkins Act ⓘ |
| location | Washington, D.C. ⓘ |
| mandatedBy | United States federal law ⓘ |
| presentedTo |
House Committee on Financial Services
ⓘ
Senate Committee on Banking, Housing, and Urban Affairs ⓘ United States Congress ⓘ |
| purpose |
to enhance transparency and accountability of the Federal Reserve
ⓘ
to explain the Federal Reserve’s economic outlook ⓘ to inform Congress about the conduct of monetary policy ⓘ |
| regarding |
balance sheet policies of the Federal Reserve
ⓘ
employment objectives of the Federal Reserve ⓘ inflation objectives of the Federal Reserve ⓘ short-term interest rate policy ⓘ |
| relatedTo |
Federal Reserve System
ⓘ
United States monetary policy framework ⓘ |
| startTime | 1979 ⓘ |
| timePeriod | post-1978 U.S. economic policy era ⓘ |
| topic |
Federal Reserve policy objectives
ⓘ
economic conditions ⓘ employment ⓘ financial stability ⓘ inflation ⓘ monetary policy ⓘ output and growth ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Humphrey–Hawkins testimony