... neither Clinton nor Reagan is responsible for the economic prosperity of the last 10 years, but rather give credit to the Federal Reserve Chairman Alan Greenspan. Some economist eagerly support Greenspan's " steady hand on interest-rate policies, knowing when to raise rates to keep the economy from ... 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, whi...

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

... recognised the extent of the then-current hype was not justified whatsoever and that it would have to end at some point. Information On 5th December 1996, the Fed's chairman, Alan Greenspan, warned already about the soaring stock prices. In one of his most famous speeches he asked:" how do we know when irrational exuberance has unduly escalated asset values, which ... on the economy, as it is mentioned above. Listening to his speeches is therefore crucial for everybody who participates in the stock market. What is amazing is that the information Alan Greenspan conveys in addresses is so...

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