In recognition of Independence Day, the Federal Reserve Bank of Dallas has posted a discussion with Pulitzer Prize-winning historian David McCullough on the founding ideals that made possible America's dynamic economy.
Those of us who live and work in the United States are contending with three challenging economic adjustments: learning to live within our means, the collapse of subprime mortgage lending and shifts in relative prices.
The Federal Reserve will conduct two auctions of 28-day credit through its Term Auction Facility in July.
On June 30, 2008, the Federal Reserve conducted an auction of $75 billion in 28-day credit through its Term Auction Facility. The results of the auction are listed on the Board's website.
The regional economy continued to slow in April and May, although data were mixed and there were many pockets of strength. Economic growth in the region continued to outpace the nation, due in large part to rapidly growing energy and export sectors.
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