For example, last fall the Community Affairs Office here at the Federal Reserve Bank of Cleveland partnered with the Federal Reserve Bank of New York, state and local government, and financial institutions to convene a conference titled “Big Ideas for Small Businesses.” Conferences in Ohio and Pennsylvania provided important information on establishing and developing businesses as well as demystifying the lending experience for entrepreneurs.
Whether they are quarters of strong growth or of weak growth will be determined by a range of domestic and international factors, one of which is monetary policy in 1997.)