Alan Greenspan: Semi-annual monetary policy report to the US Congress Testimony of Mr Alan Greenspan, Chairman of the Board of Governors of the US Federal Reserve System, on the occasion of the Federal Reserve Board’s semiannual monetary policy report to the Congress, before the Committee on Financial Services, US House of Representatives, 18 July 2001.
*  *  *  I appreciate the opportunity this morning to present the Federal Reserve's semiannual report on monetary policy. Monetary policy this year has confronted an economy that slowed sharply late last year and has remained weak this year, following an extraordinary period of buoyant expansion.