'The Region' from the Minneapolis Fed, June 2004

The Federal Reserve Bank of Minneapolis has published its regular magazine, The Region, for June 2004. The issue includes 'Prospects for economic expansion' in which Gary Stern speaks on the concepts of resilience, flexibility and productivity. In 'Payments evolution or revolution?' Minneapolis Fed First Vice President James Lyon reviews trends in the payments system. And 'The Veil of Discretion: Does the Fed Have Too Much Freedom?' takes a new look at how much freedom the Fed should have in

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