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U.S Monetary Policy In 1995
Part 1 of Paper
....bcommittee on Domestic and International Monetary
Policy, the Committee on Banking and Financial Services, and the U.S. House of
Representatives on February, Dr. Greenspan touted a cautionary yet favorable
view of the U.S. economy. He states that "With inflationary pressures
apparently receding, the previous degree of.... Part 2 of Paper
....owed signs of slowing.
Fearing a prolonged slowdown or even a recession in the economy, and with
inflationary expectations waning, Chairman Greenspan and the Federal Reserve cut
rates again in December. (Greenspan, 1996, Speech)
There are, of course, critics of 1995's monetary policy. Most of the
criticism came in the early part of 1995 when the Fed raised rates again.
In the article "Are We Losing Altitude Too Fast" from the May 1, 1995
issue of Time magazine written by John Greenwald, he e.... |
| Number of words: 1368 - Approximate pages: 5 |
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