... subsequent budget surpluses to pay down the national debt and fund a wide array of government programs. However, in his address to the Senate Budget Committee on January 25th of 2001, Federal Reserve Chairman Alan Greenspan supported President Bush's decision to use tax cuts as a means to stimulate the economy. Chairman Greenspan pointed out that, while tax cuts and increased government spending on ... subsequent budget surpluses to pay down the national debt and fund a wide array of government programs. However, in his address to the Senate Budget Committee on January 25th of 2001, Feder...

• Word Count: 7138
• Approx Pages: 29
• Has Bibliography
• Grade Level: High School

... markets in the world reacted equally sensitive on Greenspan's words. Someone said on PBS's Newshour one day later that "traders interpreted the Federal Reserve Chairman's comments to mean that stocks in the U.S. market were overvalued and that, in response, the Federal Reserve might raise U.S. interest rates, thus affecting markets everywhere". A Business Week editor made the following remarks about this:" I"m not sure they interpreted it ... participates in the stock market. What is amazing is that the information Alan Greenspan conveys in addresses is something very subjective. About ...

• Word Count: 2622
• Approx Pages: 10
• Grade Level: High School