The Region February 1990 | The Federal Reserve Bank of Minneapolis

Staff Director, Division of Banking Supervision and Regulation, the Federal Reserve Board

Comments by Gary H. Stern, president

Fed Presidents Support Zero-Inflation Proposal
Reiterating the Federal Reserve Board's inflation-fighting stance, four Fed bank presidents recently testified before Congress in support of a House resolution that calls for zero inflation.
Meeting the District's Currency Needs
Under close guard, about $17 million must be safely transported each day to 1,200 banks, savings and loans and credit unions through the Ninth District.
U.S. Economy in 1990 and 1991: Continued Expansion Likely
A model used by researchers at the Federal Reserve Bank of Minneapolis predicts that strong consumption growth will sustain the expansion in both 1990 and 1991 and that inflation will remain under control.