U.S. Monetary Policy

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

Report Video Issue

People in this video

Hosting Organization

More information about

U.S. Monetary Policy

112 Views
Program ID:
45789-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
Jul 21, 1993 | 1:38am EDT | C-SPAN 2
Last Aired:
Jul 21, 1993 | 6:14am EDT | C-SPAN 2

Airing Details

  • Jul 21, 1993 | 1:38am EDT | C-SPAN 2
  • Jul 21, 1993 | 6:14am EDT | C-SPAN 2
Purchase a Download

U.S. Monetary Policy

  • MP4 video - Standard
    Price:
    $9.99 or Free with MyC‑SPAN
  • MP3 audio - Standard
    Price:
    $0.99