Federal Reserve Report on Economy

The committee heard testimony from the chairman of the Federal Reserve on the state of the U.S. economy. Mr. Greenspan said the… read more

The committee heard testimony from the chairman of the Federal Reserve on the state of the U.S. economy. Mr. Greenspan said the economy is likely to “strengthen moderately” by the end of 1993, but said economic business is “dull” and unemployment would remain above 7 percent until 1993. He warned against using fiscal manipulations to strengthen the economy, and advocated a reduction in the capital gains tax rate to boost investment. Members of the committee were skeptical of Mr. Greenspan’s optimistic predictions, citing his incorrect January 1992 prediction that the economy would improve in the second quarter of 1992. close

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Federal Reserve Report on Economy

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Program ID:
27270-1
Category:
Senate Committee
Format:
Senate Committee
Location:
Washington, District of Columbia, United States
First Aired:
Jul 21, 1992
Last Aired:
Jul 25, 1992

Airing Details

  • Jul 21, 1992 | 10:03am EDT | C-SPAN 1
  • Jul 22, 1992 | 12:12am EDT | C-SPAN 1
  • Jul 22, 1992 | 4:04am EDT | C-SPAN 2
  • Jul 25, 1992 | 12:36pm EDT | C-SPAN 2
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