The dog that does not bark but packs a big bite: services in the U.S. economy

Richard W. Fisher

No 46, Speeches and Essays from Federal Reserve Bank of Dallas

Abstract: Remarks before the U.S.-China Business Council, the Coalition of Service Industries and the American Council of Life Insurers, Washington, D.C., May 14, 2007 ; \"The service sector may not be as noisy or get as much analytical or political attention as the manufacturing sector, but it has a significant bite in terms of its impact on economic performance....As we seek to conduct monetary policy, we will have to develop new methods for determining exactly how the service sector's bite affects the business cycle and economic behavior.\"

Keywords: Service industries; economic conditions - United States; China; Monetary policy (search for similar items in EconPapers)
Date: 2007
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