United States : 2006 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

1USAEA2006002 Image
Price:  $15.00

Release Date: © July, 2006
ISBN : 978-1-45183-966-1
Stock #: 1USAEA2006002
English
Stock Status: On back-order

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Description

The U.S. economy continued to grow strongly over the year even in the face of a withdrawal of monetary stimulus and high oil prices. Executive Directors commended the Federal Reserve for its monetary tightening. They recognized that the financial sector has proven innovative and resilient. They cautioned that demographic and other pressures will continue to threaten long-term fiscal sustainability and economic prospects. They agreed that the country has a key role in catalyzing vigorous implementation of the cooperative strategy laid out by the International Monetary and Financial Committee.

Taxonomy

Balance of payments , Current account , Economic policy , Fiscal policy , Monetary policy




More publications in this series: IMF Staff Country Reports