Word: greenspans
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Dates: during 1990-1999
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...grievance, almost no one is willing to admit that times actually are pretty good. Polls show the citizenry fairly gloomy about general economic prospects even while conceding that their own prospects are O.K. Republicans are reduced to grumbling that modest, steady growth is not good enough and that Alan Greenspan and the Federal Reserve Board, rather than Clinton, deserve the credit in any event. (There's an inherent contradiction here: If the Fed sets the rate of growth, how can Clinton be blamed that it's not faster?) Clinton, meanwhile, has the happier but still tricky task of taking credit...
...investments and the middle-class tax cut. It meant proposing new taxes, which outraged Republicans, and spending cuts, which troubled some Democrats. It meant braving the warnings of deficit hawks that higher taxes and less spending would lead to stagnation or recession, and following the advice of Republican Alan Greenspan, chairman of the Federal Reserve Board, who insisted that a credible deficit-reduction program would lower interest rates enough to push the economy ahead...
WASHINGTON, D.C.: After a week of rollercoaster rides on Wall Street triggered by inflationary fears and poor earnings reports, investors were dealt a piece good news Thursday when Federal Reserve Chairman Alan Greenspan indicated that the central bank may not raise interest rates at its August meeting. Greenspan told the Senate Banking Committee that a moderation in economic growth could restrain inflation on its own. The Dow Jones Industrial Average jumped 87.30 points to close at 5,464.18 in response to Greenspan's testimony. "Greenspan is very sensitive to what has happened the last few days on Wall Street...
WASHINGTON, D.C.: After a week of rollercoaster rides on Wall Street triggered by inflationary fears and poor earnings reports, investors were dealt a piece good news Thursday when Federal Reserve Chairman Alan Greenspan indicated that the central bank may not raise interest rates at its August meeting. Greenspan told the Senate Banking Committee that a moderation in economic growth could restrain inflation on its own. The Dow Jones Industrial Average jumped 87.30 points to close at 5,464.18 in response to Greenspan's testimony. "Greenspan is very sensitive to what has happened the last few days on Wall Street...
...based on an economy that doesn't exist anymore," in the words of Jared Hazleton, director of the Center for Business and Economic Analysis at Texas A&M. To begin with, many think that productivity is growing faster than the official figures show, a suspicion publicly voiced by Greenspan. One reason: the official measures are based largely on output of things--numbers of autos, board feet of lumber--and may be overlooking computer-driven gains, especially in service industries. "It's very hard to measure electronic bits floating around in the atmosphere," notes Hazleton...