Humphrey–Hawkins Act

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The Humphrey–Hawkins Act is a 1978 U.S. federal law that set explicit national goals for full employment, price stability, and economic growth, and established regular reporting requirements for the Federal Reserve and the President on economic policy.

All labels observed (3)

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf United States federal law ⓘ
macroeconomic policy law ⓘ
aimsToPromote a stable monetary and financial system ⓘ
aimsToProtect purchasing power of the dollar ⓘ
alsoKnownAs Humphrey–Hawkins Full Employment Act ⓘ
containsProvision employment objectives for different demographic groups ⓘ
numerical inflation rate targets ⓘ
numerical unemployment rate targets ⓘ
requirement for a five-year economic plan by the President ⓘ
statement of national economic policy goals ⓘ
country United States ⓘ
enactedInDecade 1970s ⓘ
enactedInYear 1978 ⓘ
establishesReportingFrequency twice a year ⓘ
focusesOn controlling inflation ⓘ
coordination of fiscal and monetary policy ⓘ
reducing unemployment ⓘ
fullOfficialName Full Employment and Balanced Growth Act of 1978 ⓘ
influences Congressional oversight of the Federal Reserve ⓘ
Federal Reserve monetary policy communication practices ⓘ
jurisdiction United States federal government ⓘ
legislativeChamberOfOrigin United States House of Representatives ⓘ
legislativeChamberOfPassage United States Senate ⓘ
namedAfter Augustus F. Hawkins ⓘ
Hubert H. Humphrey ⓘ
presidentAtEnactment Jimmy Carter ⓘ
primaryPolicyArea employment policy ⓘ
macroeconomic policy ⓘ
monetary policy ⓘ
price stability policy ⓘ
publicLawNumber Public Law 95-523 ⓘ
relatedTo Employment Act of 1946 ⓘ
dual mandate of the Federal Reserve ⓘ
reportingBody Board of Governors of the Federal Reserve System ⓘ
President of the United States ⓘ
reportRecipient United States Congress ⓘ
requires Federal Reserve Chair testimony before Congress on monetary policy ⓘ
regular economic policy reports by the President to Congress ⓘ
semiannual monetary policy reports by the Federal Reserve to Congress ⓘ
setsNationalGoal balanced economic growth ⓘ
balanced federal budget over the business cycle ⓘ
full employment ⓘ
price stability ⓘ
shortName Humphrey–Hawkins Act ⓘ
signedBy Jimmy Carter ⓘ
sponsor Augustus F. Hawkins ⓘ
Hubert H. Humphrey ⓘ
statutesAtLargeCitation 92 Stat. 1887 ⓘ
titleNumberInUSCode 15 ⓘ

How these facts were elicited

Referenced by (8)

Full triples — surface form annotated when it differs from this entity's canonical label.

Humphrey–Hawkins Act → shortName → Humphrey–Hawkins Act ⓘ
Humphrey–Hawkins Act → alsoKnownAs → Humphrey–Hawkins Full Employment Act ⓘ
linked to: Humphrey–Hawkins Act
Federal Reserve reports of monetary policy objectives to Congress → isRelatedTo → Humphrey-Hawkins Act ⓘ
linked to: Humphrey–Hawkins Act
semiannual Humphrey–Hawkins testimony → legalBasis → Humphrey–Hawkins Act ⓘ
Public Law 95-523 → shortName → Humphrey–Hawkins Act ⓘ
Monetary Policy Report → legalBasis → Humphrey-Hawkins Act ⓘ
linked to: Humphrey–Hawkins Act