Report on Monetary Policy
Senators heard testimony from Chairman Greenspan on the Humphrey-Hawkins monetary policy report. In the report he stated that although the e… read more
Senators heard testimony from Chairman Greenspan on the Humphrey-Hawkins monetary policy report. In the report he stated that although the economy is in a period of “unprecedented growth,” he cautioned that interest rates could still rise in response to inflation. He also recommended that legislators wait several years before cutting taxes and that the budget surplus be used to pay down the debt. close
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