Federal Reserve Report on Economy
1992-07-22T04:05:01-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvOWEwXC8yNzI3MC1tLmpwZyIsImVkaXRzIjp7InJlc2l6ZSI6eyJmaXQiOiJjb3ZlciIsImhlaWdodCI6NTA2fX19Alan Greenspan, Chairman of the Federal Reserve Board, spoke to members of the Senate Banking Committee about the state of the U.S. economy. Mr. Greenspan predicted the economy would “strengthen moderately” but unemployment would remain above 7 percent until 1993. He warned against fiscal manipulations and advocated a reduction in the capital gains tax rate to boost investment. Members of the committee expressed their skepticism of Mr. Greenspan’s testimony, citing his incorrect January 1992 predictions.
Alan Greenspan, Chairman of the Federal Reserve Board, spoke to members of the Senate Banking Committee about the state of the U.S. economy.… read more
Alan Greenspan, Chairman of the Federal Reserve Board, spoke to members of the Senate Banking Committee about the state of the U.S. economy. Mr. Greenspan predicted the economy would “strengthen moderately” but unemployment would remain above 7 percent until 1993. He warned against fiscal manipulations and advocated a reduction in the capital gains tax rate to boost investment. Members of the committee expressed their skepticism of Mr. Greenspan’s testimony, citing his incorrect January 1992 predictions. close
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