Word: greenspans
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Dates: during 1990-1999
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...bailout seems to have worked, thanks in large part to autumn's upturn in the global markets. But the real hero of the story is probably Federal Reserve Chairman Alan Greenspan, who lowered interest rates three times since September, prompting overseas banks to do the same. Long Term Capital's assets rose more than 20% in November alone, giving it a profit for the first time in at least seven months, though that gain may be partly wiped out now that markets have turned softer...
...appear that the Monica Lewinsky scandal might recede into being but a tale of sound and fury signifying little. The global economic turmoil and roiling stock markets could turn out, it seemed, to be of more lasting importance, so there were folks such as Federal Reserve Chairman Alan Greenspan and Treasury Secretary Robert Rubin to consider. There were also some inspiring options, such as the Irish peacemakers or that icon of nostalgia and exploration John Glenn...
WASHINGTON: The U.S. economy is back on its own for a while. After a frenzied (for Alan Greenspan, anyway) string of three straight interest-rate cuts, the Federal Reserve took an expected pass on Tuesday, courtesy of the American consumer. Emboldened by their ever-fattening stock portfolios, consumers have not only carried their economy through a tenuous autumn, they have actually set off some alarms in the Fed's head about an old foe: inflation...
...worry about that until the Fed's next FOMC board meeting in January. For now, Greenspan rates a gushy Christmas card for helping the rest of the world get through an economic crisis that, so far, Americans have only read about. Around the world, U.S. rate cuts provided the world with cheaper dollars to borrow, keeping domestic currencies afloat all over Asia. As we head into the holidays, the blaze is out, at least for now. And Greenspan the fireman is back on thermostat duty...
...economists here, preferring to include them in a subsequent issue devoted to scientists and thinkers. But surely our nation and the world would be less strong today, and many of our most famous business leaders would seem less prescient, absent the guidance of the Federal Reserve Board's Alan Greenspan. John Maynard Keynes, who convinced us of the value of fixed exchange rates and the need to use deficit financing to spend our way out of recessions, had tremendous influence over economic policy through the Depression and in the years after World War II. Although his name is back...