SPEAKER INDEX CONTENTS INSERTS BARRETT 81 82 83 84 85 88 BENTSEN 28 95 97 98 99 100 146 149 151 152 153 154 BROWN 175 196 201 203 204 205 206 207 211 215 CASTLE 15 CHIMERINE 179 198 202 211 216 DICLEMENTE 186 190 199 212 213 216 218 EISNER 169 199 201 208 209 FRANK 11 12 14 31 67 70 71 72 73 74 86 87 88 95 108 133 134 135 136 137 139 157 202 203 204 205 206 207 208 209 210 212 213 215 216 217 GALBRAITH 191 197 214 GUTIERREZ 20 HINCHEY 24 88 90 93 JACKSON 100 102 103 104 105 106 107 108 109 KENNEDY 155 157 158 159 LAFALCE 5 29 30 48 49 50 51 52 54 121 122 123 124 LAZIO 19 LEACH 1 5 7 8 10 11 14 15 17 19 20 23 24 27 28 29 30 31 36 40 43 44 45 46 47 54 58 62 66 67 74 81 82 86 88 95 100 105 107 108 109 110 116 117 120 121 124 128 133 139 146 151 153 154 160 169 174 179 186 189 190 195 196 197 198 199 200 201 202 207 208 209 215 216 217 218 LIPSKY 162 195 200 210 215 216 MCCOLLUM 7 62 63 64 65 66 67 MCDONOUGH 37 47 50 51 55 56 58 60 62 66 67 76 77 83 85 87 89 92 94 99 103 104 107 MEYER 40 44 52 57 59 60 64 65 69 70 71 72 73 78 79 80 81 88 96 98 104 107 RICHARDS 110 125 126 127 128 130 131 134 137 140 141 142 143 144 145 146 148 150 152 159 RIVLIN 31 43 44 45 49 51 57 61 63 66 76 86 87 90 93 102 103 106 107 109 ROUKEMA 10 11 54 55 56 57 58 125 126 127 128 ROYBAL-ALLARD 23 SANDERS 17 74 77 79 80 81 139 140 141 142 143 144 145 146 SMITH 110 117 120 121 122 123 124 126 128 129 135 137 139 143 144 145 149 153 154 156 158 SNOWBARGER 27 VENTO 9 58 60 61 129 130 131 CONTENTS SPEAKERS INSERTS STATEMENT OF HON. ALICE M. RIVLIN, VICE CHAIR, BOARD OF GOVERNORS, FEDERAL RESERVE SYSTEM PAGE 31 STATEMENT OF WILLIAM J. McDONOUGH, PRESIDENT, FEDERAL RESERVE BANK OF NEW YORK PAGE 37 STATEMENT OF HON. LAURENCE H. MEYER, MEMBER, BOARD OF GOVERNORS, FEDERAL RESERVE SYSTEM PAGE 40 STATEMENT OF GORDON R. RICHARDS, CHIEF ECONOMIST, NATIONAL ASSOCIATION OF MANUFACTURERS PAGE 110 STATEMENT OF DAVID A. SMITH, DIRECTOR OF PUBLIC POLICY, AFL-CIO PAGE 117 STATEMENT OF JOHN LIPSKY, CHIEF ECONOMIST AND DIRECTOR OF RESEARCH, CHASE MANHATTAN BANK PAGE 161 STATEMENT OF ROBERT EISNER, PROFESSOR, NORTHWESTERN UNIVERSITY PAGE 169 STATEMENT OF WILLIAM A. BROWN, MANAGING DIRECTOR AND CHIEF ECONOMIST, J.P. MORGAN COMPANY PAGE 175 STATEMENT OF LAWRENCE CHIMERINE, MANAGING DIRECTOR AND CHIEF ECONOMIST, ECONOMIC STRATEGY INSTITUTE PAGE 179 STATEMENT OF ROBERT V. DiCLEMENTE, DIRECTOR, U.S. ECONOMIC RESEARCH, SALOMON BROTHERS, INC. PAGE 186 STATEMENT OF JAMES K. GALBRAITH, PROFESSOR, LYNDON B. JOHNSON SCHOOL OF PUBLIC AFFAIRS, UNIVERSITY OF TEXAS AT AUSTIN PAGE 191 INSERTS SPEAKERS CONTENTS NO INSERTS IN THIS HEARING