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Economic Commentary

Is Noninflationary Growth an Oxymoron?

Just before the Federal Open Market Committee’s (FOMC) May 20 meeting, popular opinion about the near-term future of U.S. monetary policy was summarized by John 0. Wilson, chief economist at Bank America Corp.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Altig, David, Terry J. Fitzgerald, and Peter Rupert. 1997. “Is Noninflationary Growth an Oxymoron?” Federal Reserve Bank of Cleveland, Economic Commentary 5/1/1997.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International