U.S. Monetary Policy
1993-07-21T06:14:53-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvMmI3XC80NTc4OS1tLmpwZyIsImVkaXRzIjp7InJlc2l6ZSI6eyJmaXQiOiJjb3ZlciIsImhlaWdodCI6NTA2fX19The subcommittee heard testimony from Federal Reserve chairman Alan Greenspan on U.S. monetary policy. In his testimony, Mr. Greenspan called for Congress to control the federal deficit or face higher short-term interest rates to prevent inflation. Higher short-term interest rates would follow a rise in longer-term interest rates, which would bode ill for the U.S. economy. He also criticized initiatives to defeat the Clinton administration’s deficit reduction plan, saying the economy could survive the effects of the higher taxes and spending cuts.
The subcommittee heard testimony from Federal Reserve chairman Alan Greenspan on U.S. monetary policy. In his testimony, Mr. Greenspan called for… read more
The subcommittee heard testimony from Federal Reserve chairman Alan Greenspan on U.S. monetary policy. In his testimony, Mr. Greenspan called for Congress to control the federal deficit or face higher short-term interest rates to prevent inflation. Higher short-term interest rates would follow a rise in longer-term interest rates, which would bode ill for the U.S. economy. He also criticized initiatives to defeat the Clinton administration’s deficit reduction plan, saying the economy could survive the effects of the higher taxes and spending cuts. close
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