State of the U.S. Economy

Committee members heard testimony from Chairman Greenspan in one of the regular hearings with him on the recent performance of the U.S.… read more

Committee members heard testimony from Chairman Greenspan in one of the regular hearings with him on the recent performance of the U.S. economy. He stated that the economy has done better than most analysts predicted, but warned that the Federal Reserve must be ready to combat inflation, which he expects to be caused by higher wages due to the low unemployment rate. He also stated that the Consumer Price Index generally overestimates inflation. He also answered several questions about his comments in a speech in December which caused large drops in stock markets around the world. close

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State of the U.S. Economy

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Program ID:
78124-1
Category:
Senate Committee
Format:
Senate Committee
Location:
Washington, District of Columbia, United States
First Aired:
Jan 21, 1997 | 10:00am EST | C-SPAN 1
Last Aired:
Jan 26, 1997 | 2:44pm EST | C-SPAN 1

Airing Details

  • Jan 21, 1997 | 10:00am EST | C-SPAN 1
  • Jan 21, 1997 | 9:38pm EST | C-SPAN 2
  • Jan 22, 1997 | 2:04am EST | C-SPAN 1
  • Jan 26, 1997 | 2:44pm EST | C-SPAN 1
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