speeches · September 27, 1994

Regional President Speech

Cathy E. Minehan · President
I :s )0 1/C 1/C E1:: )0 DC +-, r: 0 :: .0 0 s:::: :C DC >) 1/C 1/C 0 )"( DC .0 ) ~ JC 3 0 0 r+: ) : 0 -:, i 1 : /C : ) < 0 - DC < - )"( 0 O" )JC +-, )0 m 0 DC DC s:::: c s::: c : O" .0 < 0 +-, )"( a: ~ '"" D '" C " D 3 C r::: DC s:::: · o1 1 / / C C "C ~ 3 r : D : C : DC +-, )0 )0 s:::: '"" 1/C " ' : " I, " : s:::: .!a N 1/C )X C- C "C < ~ ~ DC )U cc )U )0 .::,. •-0 0 s:::: ,::: ~ 0 oc '" .Q 0 0 0 )1C I'U 0 0 a:C <) ...c m )1C >A I :C -, ) : ' : ( : I I ' ' I I 0 0 0 0 > :C I! ~ cc \ ' ...c Jll ·o >A a:C ,::: i , u ::: 0 D 0 < a > :C A m 3 ...c , 0" :C >A 0 "C <' 0 D 0 < 0,- -3 £ ) , 1 :: C : ...c z C'" > ,: A :: i 0 )1C D< 'ic >A 0 r s o :::: -:, ~ ... II ...c .5 3 D< 0 D"" »s ...c ... >A <' ,::: -- 0 0~.( m ...c :C 3 - ~D< 0 C" r:: »s ...c ~ >A 3 ,::: ~ D< )1( N . .s.::.:.: ...c "C :C <' 0.( N 0 )1( ...c s:::: >A nt ,::: D< C ),,< nt ' ' ...c :C ~ ·- cc . ) D ,, < < 0 s:::: 1, . ...c >A 1.· ,::: \i . f I ~ I m \ \ \ ...c . > ? A !! ·,··, \ :C ~ m O'" ~ z 0.( 0 . > .. A . ~ :a )I( ..:,. a:C z llI i ) 3 '( ' . i Q < m E: ...c .! I e : n 9 !? , C ::: I > ,: A :: iii a)I( i a ii I: I 0 U .( .Q .! ·;=c . D s a : C :: 0 . , a u .. w . 0 a.. . 0 0 a.. m D >= C ! 0 o IU c wD >= C ! 0 D ? C m m >=! n 0 aC e ~ ...c DC ~ C 0 ',I 00 C T:: 00 ~ - ~ DC ID ...c C .DC I s D ::: 3ii z 1/1 m ID 0 m 3 DC . 0 . C .. r s o :::: Jt' ...c r ,.. 0 C ID <' "O 3 - D 3 C D 0 C 0 0,.. s::: )/C J1' ...c til »s ~ ID :!::: , < .. ' ID s::: : ' 1 ! / : 1 ! --0 " II 0 DC I 0 '! .a.. m ,._ .. C .c 3 DC - 0 C'" ...c ~ ID s::: 3 : DC / .a.. DC .... s:::: ,I :1 ...c i- .. ., C 0 s:::: ' I "/ -, » :: s :: z I I ' I,\ . D a C .. .a:; DC '1 ...c N m - c ~ s::: c : I 1 I I I ; ! ' . I · . ' ~- ' " t - : . : .- . l . I I j \" N D I s D C ::: »s I I' . I .. /, ' 'I I ...c . s 0 :::: ,·'" i 1 I . · ; ~ \ / ; •~ • • . :~ • I 1 I . N D C C »s I \" I s:::: I .'I ...c ...0.. ' .•I I s D ::: ' I \ DC -,:::: I,· ~ w C DC . I I I· ' \ t1 1 ' I ' \ ...c 1·, :1 ' C ·. -s.:.::.: I I \ :• I wDC DC ,r ' ' .0 :I ...c n..e.. , I 1'. ID .. .1, s::: .◄' ... •t .»..s. I I .... .. .. ,' , . , I . D :i C . n DC e e I I ...c : s C ::: , I . ' ' D E C C T o : : : :> • •',0 I I C . '- - :◄ ) I D D " a l D C C C :: - < S 3 0 D : C :: 1 l 1 1 I I I . : ! D , 3 : e C : ' · f C ; n 6 : i e ; - . . i n s D 0 a i a : C i i :: S • - - 0 ) D ) ,, " : " C : C : ( : I 1 1 I 1 I I . D . D I . : s D . C i : C c : . : ,u Chart 3 Nonfarm Payroll Employment Index, 1989 Q1 = 1 1.10 1.05 1.00 ····· .. .... • ' ··. ··- .. 0.95 ·. , .. Massachusetts .. ,•· ..... , .... -···••' ·-. . ~ 0.90 .... .··-:'"' ... ········.•····· "•• • 0.85 Jan 88 Jan 89 Jan 90 Jan 91 Jan 92 Jan 93 Jan 94 Source: U.S. Bureau of Labor Statistics. Chart 4 Unemployment Rate Percent 10.0 . -~ .... ' : : . .: ; \ \ ... = ~ ~ ~ 9.0 i : : ... : : : : : : ·. : i: : : · . ·: : : : : : ........ /\-._ j ; \.... ..j \. . ..f ' \• • 8.0 . : •; Massachusetts 7.0 jI\ _/• United States 6.0 . 5.0 ... .. 4.0 . .! ., .. . i t. .. . ..: . . .... .. 3.0 I ... · /••. .. •.,./ • 2.0 Jan 88 Jan 89 Jan 90 Jan 91 Jan 92 Jan 93 Jan 94 Note: Data beginning January 1994 reflect the redesigned CPS survey and are not strictly comparable to data for 1993 and earlier years. Source: U.S. Bureau of Labor Statistics. Chart 5 Unemployment Rates in July 1994 Seasonally Adjusted Boston Brockton Fitchburg Lawrence Lowell 10.2 New Bedford Springfield Worcester Massachusetts United States 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0 Percent Source: U.S. Bureau of Labor Statistics and New England Economic Indicators, Federal Reserve Bank of Boston. '5 ... .._._. .o__ 0 0oc ? 0m 0 ne .c,..j oi 1.- ni 0... ~o,.......,--.o~---o.-~~o-~-o--.-o~~--.o~-~o~ :C ~~ . ~j 0 DC ~ ~ C ~ ,. ne II / .. at ... :C DC - )C ..c :C llI '.. .. ~ j 0 0 -r . )0 •• ,,._ " 0 .C.. ne , +-, . )C :~+-, ne ... 0 0 ' , IU :C I"" )"( )'( 0 •' DC . .: :s ,::: )lC )/( .)./.( .• DC ,• )C +r 0 -~ . • • ) ) / / C C C ..... ., h- )C )'( m )'( .' ; ) : C ;: .'d 3 ) D / C ( : ) C /C 0 ,::: ... DC i:: .2" )/C , )"(~ r: 3 ! ~ ne +r ' ~ 5 . o __ . o __ 0 oi 0 oi 0 oc 0 oc ' . 5 c .o.. .o__ 0 oi 0 oi 0oc 0 oc 0 ~ )'G <?. ~ 0 ~ 0 ~ O..c ~~~~--.o~~~~----.o~~-~-~-o---~~ - ~-----,--------,-----.-~--,-----. llI I"" ~~ ~j ~~ ~j 0 ~ ~ ~ ' ~ E: ~0 ~0 ,. r + : r II II '"C < .. , . ne DC ,. )'( ,.r:: +r DC 0 -+~r I"" ... ...f. )0 ,::: .C .. '/ . s ' . -) ,: 0 :: . ' . C .• )0 )'( .• +..r. '/ . C . l . l c I ,::: ' . . l . l c I j Q( j ·' ~ ' Chart 7 Current Economic Indicators Percent Change from Year Earlier Consumer Confidence Index Help Wanted Advertising Index August 1993 to August 1994 July 1993 to July 1994 60 .-----------------, 25 50.1 21.0 50 20 40 15 30 24.4 10 20 5 10 0 ,..___ _ 0 United States New England United States New England Retail Sales Average Hourly Earnings June 1993 to June 1994 July 1993 to July 1994 12 ~---------------, 4 10 3 2.8 8 7.3 2.3 6 2 4 1 2 0 ,..___ _ __. 0 United States Massachusetts United States Massachusetts Consumer Price Index Housing Permits Authorized July 1993 to July 1994 July 1993 to July 1994 4.-------------------i 20 3 2.8 15 14.4 2 10 1 5 0 '--- 0 United States Boston United States Massachusetts Source: New England Economic Indicators, Federal Reserve Bank of Boston. .C ,::: . .a a . . . . . . a a . . . . . 0 a.. , . : a :: .. i o0c 0 oc 0 ? 0 n 0 e >lC I'O 0 I'O 0 I'O 0 I'O aC <t: .a.. oc .a.. ?'! oc o00c z o00c D >lC D .I., E: .I., m II o.Ic., , o :: c : .a.. oc "iii ':=! ,::: D .C .a.. m n 0 o.Ic., ,::: oc 0 I 3 m I .I., ",ic, / 'J D 3 ,. - , /1, .I., C" !/ .2. z 0 , . 1 1, o o .I.c c , . > n.. l . C . DeC: <' '. -!' · tI ):'! )IS 3 I D ,::: m DC ) .,'":: I .I., .C ,:::: I .: I :C - » c ,:: f : c : + ,:: r :: r·--::: ' ' . ' I,.' .. ! \ I I o o ~ .a c c .. n m C :j ,:: :: z ,u \ D m .0 DeC: 0 \ .a.. C m I a )'( m ~ I ~ I . I I o o .I.c c , r I 0 0 ,:::: I ~ )IS 's= , :::: -cc I D ",0 C. »f 0 ' .I., ne .s::; ·- 3 » ,::: f : .·I \ til 00 )'( .0 \ I I \1 I . o o.I c .c, : . ' .I ! .I : .( ! . i,t.". »f I \ \ I ~ "ic ,:::: .·\ I I\ • \ D II( .2. .0 \ \ .I., 'o \ \ DC +r \ .I ,),'.( 's= ac \ I \ \ o.Ic., + 0,. r . C , D :: C :: - ) ) , D u '( .·\ I I \ I I I I ,' \ \ \ \ \ \ I \ . D o ~ .a c .. n » D )' C e f ( . n ;: D 0 :: e C ;: . \ \ _ \ .·\ \ \ \ ,' 1 \ I \ \ , t ~ I I 1 ,· \ ' \ o o . . . a . c c . . . . +r +r I · .\ . \ I \ D + » r f , · . , !, . I I \ .I., D n C e ..\I I \ o.Ic., \ : ~\ I . ~ . > o ii c :! \ I i . I D \, \ .I., \ , I \ C ,::: z E )lC : \ .I < )lC . : ! : ! s ! 0 r : : :: I : ) : I s S 0 0 o o ~ .Ic c ., : . .n . I I ; ) ) C . . I D l l : . .e C C C . . ; - c r 3 I~ I 0 : I D : C :: - . 0 3 ,.:.:.: ) , l : C :: . i i . , C 0 ) C i i : lC : i i : I I I r = I ) n I I ) C I I I I l : C C C C S - . n n . ) C , , = l : . : C : : . : : D N 0 0 .I., ':=! IIC D .I.,
Cite this document
APA
Cathy E. Minehan (1994, September 27). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_19940928_cathy_e_minehan
BibTeX
@misc{wtfs_regional_speeche_19940928_cathy_e_minehan,
  author = {Cathy E. Minehan},
  title = {Regional President Speech},
  year = {1994},
  month = {Sep},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_19940928_cathy_e_minehan},
  note = {Retrieved via When the Fed Speaks corpus}
}