Economic Outlook
1991-03-17T08:00:17-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvOWE1XC8yODc1Ni1tLmpwZyIsImVkaXRzIjp7InJlc2l6ZSI6eyJmaXQiOiJjb3ZlciIsImhlaWdodCI6NTA2fX19Using 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.
Using statistics to support his argument, Senator Sarbanes, committee chairman, described the recession as getting worse. Unemployment rose … 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
People in this video
Purchase a Download
Economic Outlook
-
MP4 video - Standard
- Price:
- $6.99 or Free with MyC‑SPAN
-
MP3 audio - Standard
- Price:
- $0.99
Related Video
-
Monetary Policy, the Economy and the Budget
The House Budget committee heard testimony from Alan Greenspan, chairman of the Federal Reserve Board, on the U.S. monet…
-
U.S. Economy
Mr. Greenspan testified before a joint meeting on the worsening U.S. economy. He suggested possible solutions.
-
U.S. Monetary Policy
Alan Greenspan, Chairman of the Federal Reserve Board, spoke to the House Banking Subcommittee on Domestic and Monetary …
-
Economic Outlook for 1990
Chairman Greenspan testified in the first hearing in a series of hearings to overview the federal budget plan proposed b…