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

Author

Listed:
  • Richard W. Fisher

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.\"

Suggested Citation

  • Richard W. Fisher, 2007. "The dog that does not bark but packs a big bite: services in the U.S. economy," Speeches and Essays 46, Federal Reserve Bank of Dallas.
    • Handle: RePEc:fip:feddsp:46
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    File URL: http://dallasfed.org/news/speeches/fisher/2007/fs070514.cfm
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