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U.S Monetary Policy In 1995
Beginning of paper
When Alan Greenspan presented the Federal Reserve's semi-annual report
on monetary policy to the Subcommittee on Domestic and International Monetary
Policy, the Committee on Banking and Financial Services, and the U.S. House of
Representatives on February, Dr. Greenspan touted a cautionary yet favorable
view of the U.S. economy. He stat .... Middle of paper
.... and incomes." (Greenspan, 1996, Speech)
Towards the end of the year, the economy showed signs of slowing.
Fearing a prolonged slowdown or even a recession in the economy, and with
inflationary expectations waning, Chairman Greenspan and the Federal Reserve cut
rates again in December. (Greenspan, 1996, Speech)
There are, of course, critics of 1995's monetary policy. Most of the
criticism came in the early part of 1995 when the ....
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Number of words: 1368
Number of pages: 5 (approx. 250 words per double-spaced page)
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