| Real GDP Growth |
Beige Book Output Score |
Key Economic Dates |
|
August 1971 |
President Nixon announces wage-price controls |
October 1973 |
OPEC moves to embargo shipments to the United States, Western Europe and Japan |
1979 |
Consumer prices rise 13.3 percent, the largest increase in 33 years |
October 1979 |
FOMC switches from targeting the federal funds rate to the money supply |
December 1980 |
Prime rate reaches 20.35 percent |
November 1982 |
Unemployment rate reaches 10.8 percent |
October 1987 |
Stock Market Crash |
August 1990 |
Iraq invades Kuwait |
November 1991 |
Chairman Greenspan indicates headwinds are holding back economy |
1992 |
"It's the economy, stupid" |
3rd Qtr 1993 |
Flooding in nine Midwestern states |
December 1996 |
Chairman Greenspan declares "irrational exuberance" in the stock market |
Summer 1997 |
Asian financial turmoil |
|
|
