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Vol. 6, No. 3
Last Updated: 10/04/1982

Testimony of Paul A. Volcker, Chairman, Federal Reserves Board

I am pleased to have this opportunity once again to discuss monetary policy with you within the context of recent and prospective economic developments. As usual on these occasions, you have the Board of Governors' "Humphrey-Hawkins" Report before you. This morning I want to enlarge upon some aspects of that Report and amplify as fully as I can my thinking with respect to the period ahead.