Economic Outlook

Using statistics to support his argument, Senator Sarbanes, committee chairman, described the recession as getting worse. Unemployment… read more

Using statistics to support his argument, Senator Sarbanes, committee chairman, described the recession as getting worse. Unemployment rose in February 1991 in the highest one-month jump in four years, 8.1 million people are unemployed, and unemployment increased 45 percent in New England in the past year. Mr. Greenspan testified about the U.S. economy and monetary policy for 1991. He said that the reduced threat of inflation might make it possible for the Federal Reserve Board to cut interest rates, which would help the ailing economy by increasing borrowing and spending by businesses and consumers. close

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Economic Outlook

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Program ID:
28756-1
Category:
Joint Committee
Format:
Joint Committee
Location:
Washington, District of Columbia, United States
First Aired:
Mar 13, 1991
Last Aired:
Mar 17, 1991

Airing Details

  • Mar 13, 1991 | 10:00am EST | C-SPAN 1
  • Mar 13, 1991 | 9:07pm EST | C-SPAN 1
  • Mar 14, 1991 | 3:10am EST | C-SPAN 1
  • Mar 14, 1991 | 4:59am EST | C-SPAN 2
  • Mar 17, 1991 | 8:00am EST | C-SPAN 1
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