Word: greenspans
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Dates: during 1990-1999
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...George W. Bush received applause for his closing remarks about restoring honor to the White House, while McCain was greeted with cheering and laughter for joking about his oft-criticized anger and describing how he would prop up Alan Greenspan "like they did in 'Weekend at Bernie's'" if he passed away...
Moved PermanentlyMoved PermanentlyFortune Investor DataThe downside, if there is one amidst all this holiday cheer, is that this big earning (and spending) surge could cause the Fed to once again tighten its grip on the money supply. Alan Greenspan and the boys raised rates last week but signaled they were probably done tinkering until this whole Y2K thing blows over. But just as certainly as the credit card bills will come due in January, the Fed will reevaluate its position in the next year, and may feel that another rate hike will be necessary to keep everything on an even...
...what you will about Alan Greenspan - and people have said plenty - the man is never predictable. The Federal Reserve Chairman made headlines again Tuesday, announcing a quarter-point raise in key interest rates. The hike, meant to stave off inflation in these times of hyperbolic growth and spending, caught some analysts off guard. "This raise is a bit unexpected," says TIME financial writer Bernard Baumohl. "There was a lot of uncertainty as to whether the Fed would move, since the economy has been showing signs of slowing down on its own." Example: Key consumer indicators such as retail sales...
...thing, since it will end speculation for the next couple of months about any new movement on rates." It's likely, adds Baumohl, that this is the last interest rate adjustment we'll see in 1999, and perhaps well into 2000 - for reasons close to the chairman's heart. "Greenspan is up for reappointment in June of next year," says Baumohl, "and it looks like he wants back in. So he'll be careful not to upset what seems to be an exceedingly strong, healthy economy...
...Rubin's public-sector resume may not be complete. He's already a leading candidate to replace his friend Alan Greenspan as chairman of the Federal Reserve when Greenspan's term expires next June. Who knows? Before long, the metal detector could again become a thing of the past...