Federal Reserve Monetary Policy Report
Mr. Greenspan announced that the central bank will try and keep the country out of a recession by decreasing interest rates once… read more
Mr. Greenspan announced that the central bank will try and keep the country out of a recession by decreasing interest rates once lawmakers agree on a deficit reduction package. Earlier that week the administration increased its estimate of the size of the 1991 budget deficit to just under $169 billion. That estimate was far above the $64 billion limit set by the Gramm-Rudman-Hollings law. close
*The transcript for this program was compiled from uncorrected Closed Captioning.
People in this video
- Alan Greenspan Chair Federal Reserve->Board of Governors
- Edwin "Jake" Jacob Garn U.S. Senator [R] Utah
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