... , March 2001. But why is the government reducing the interest rate in response to the economic slow-down? It's because Federal Reserve Chairman, Alan Greenspan believes in a theory known as the "Philips's Curve." Last week, Federal Reserve Board Chairman Alan Greenspan indicated he was leaning toward a "pre-emptive action" against inflation because a tightening labor market must, "absent the unlikely repeal of the ... ...

• Word Count: 502
• Approx Pages: 2
• Has Bibliography

... in the monetary growth per unit of output. But since that time, the Fed has controlled the money supply in a way to offset changes in output and velocity. Friedman believes Alan Greenspan was the new thermostat in the economy. His ideas of controlling inflation are unattainable. Many central banks adopted a policy of inflation targeting which specified a small target range for inflation ... credit even if inflation in the economy is low. An early rise in interest rates may initially increase inflation but it is healthier for the economy in the long run. Alan Greenspan, on the otherhand,...

• Word Count: 1182
• Approx Pages: 5

... fiscal and monetary policies. When the Federal Reserve lowers the interest rate in a recession or a weak economy in an effort to try and stimulate economic growth. Thus, on November 6, 2002, Alan Greenspan has, as the Chairman of the Federal Reserve Board, lowered interest rates an additional 0.5%, bringing it to a benchmarking 1.25% short-term interest rate, the lowest its been since 1961 ... ...

• Word Count: 813
• Approx Pages: 3
• Has Bibliography

... in the United States has been less than expected mainly due to low consumer confidence. Consumer confidence has hit a 10 year low with an index of 106.8 as reported by Alan Greenspan. In the past 2 months the index number has plummeted nearly 22 points, the biggest decrease since the 1990 -1991 recession. The reason for this recent drop in consumer confidence ... ...

• Word Count: 611
• Approx Pages: 2
• Grade Level: High School

... in the United States has been less than expected mainly due to low consumer confidence. Consumer confidence has hit a 10 year low with an index of 106.8 as reported by Alan Greenspan. In the past 2 months the index number has plummeted nearly 22 points, the biggest decrease since the 1990 -1991 recession. The reason for this recent drop in consumer confidence ... ...

• Word Count: 995
• Approx Pages: 4
• Grade Level: High School

... , we learned that durable orders, excluding transportation equipment, rose faster in the third quarter than at any time in the 1990s boom. This is not consistent with a rate a 1% indefinitely." Also, Alan Greenspan wanted a more concrete answer that unemployment is about to decline below its current level of 6.1% and that consumer prices will not fall into a downward spiral of deflation. The main ... ...

• Word Count: 583
• Approx Pages: 2
• Grade Level: High School

This article is from the Thursday, April 18, 2002 edition of the New York Times. It discusses the implications of Federal Reserve Chairman Alan Greenspan testimony in front of Congress. He said that the Federal Reserve Board would not increase interest rates when the meet again on May 7 because of they are unsure of ... ...

• Word Count: 578
• Approx Pages: 2
• Grade Level: Undergraduate

... of the discount window, but also, to the entire money market in general. It seems as though the stated direction of monetary policy will not change in the near future. Alan Greenspan, interest rates, and other monetary policies are standing put. This is due to the FOMC's positive outlook of our economy's long-term health, as well as its uncertainty as ... ...

• Word Count: 590
• Approx Pages: 2
• Has Bibliography
• Grade Level: Undergraduate