U.S. Monetary Policy
1996-12-05T22:06:37-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvZTkyXC8xOTk2MTIwNTIyMjIzMTAwMV9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Federal Reserve Chairman Alan Greenspan delivered the annual Francis Boyer lecture. He outlined the history and purposes of U.S. monetary policy from the colonial era to the present. In his remarks, he pondered whether “irrational exuberance” has inflated stock and bond values and whether they would have to decrease in the future. His comments caused stock prices around the world to fall, including a 55 point fall in the Dow. Mr. Greenspan’s speech had some audio difficulties.
Federal Reserve Chairman Alan Greenspan delivered the annual Francis Boyer lecture. He outlined the history and purposes of U.S. monetary policy from the… read more
Federal Reserve Chairman Alan Greenspan delivered the annual Francis Boyer lecture. He outlined the history and purposes of U.S. monetary policy from the colonial era to the present. In his remarks, he pondered whether “irrational exuberance” has inflated stock and bond values and whether they would have to decrease in the future. His comments caused stock prices around the world to fall, including a 55 point fall in the Dow. Mr. Greenspan’s speech had some audio difficulties. close
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