Economic Outlook and Monetary Policy
Chairman Greenspan testified that the recent extreme fluctuations of the stock market may help “to prolong our six-and-a-half-year… read more
Chairman Greenspan testified that the recent extreme fluctuations of the stock market may help “to prolong our six-and-a-half-year business expansion.” He said, “Provided the decline in financial markets does not cumulate, it is quite conceivable that a few years hence we will look back at this episode, as we now look back at the 1987 crash, as a salutary event in terms of its implications for the macroeconomy.” close
*The transcript for this program was compiled from uncorrected Closed Captioning.
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Global Economic Issues
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Hedge Fund Operations Risks
Chairman Greenspan testified that the Federal Reserve avoided a potential financial disaster when it decided to bail…
Federal Reserve Monetary Policy Report
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Mr. Greenspan testified about the state of the economy, monetary policy, prospects for future growth, and…