Word: greenspans
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Dates: during 1990-1999
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...were named to the Board of Governors, Friedman would work with Fed chair Alan Greenspan, other members of the Board of Governors and the presidents of the 12 regional Federal Reserve Banks, to set interest rates and manage the money supply...
Another frequently mentioned candidate is Felix Rohatyn, a Wall Street investment banker, and long-time friend of Greenspan...
...funds rate, the interest that banks charge one another on overnight loans, from 5.75 percent to 5.5 percent. The key rate effects borrowing costs for consumers. The cut was announced after the highly anticipated meeting of the central bank's Federal Open Market Committee today. Federal Reserve Chairman Alan Greenspan noted that a main reason for the reduction is that inflationary pressures are easing. This was the Fed's second interest rate cut this year, after seven interest-rate increases over a one-year period...
Federal Reserve Chairman Alan Greenspan warned that the U.S. would strictly monitor foreign banks in the wake of the Daiwa and Barings bank scandals. The Fed expelled Daiwa from the United States last month for covering up $1.1 billion in trading losses, while Britain's Barings collapsed amid losses by a single trader. Greenspan told a House Banking subcommittee exploring U.S. regulators' failure to detect the Daiwa losses that stronger internal controls are needed in a complex global banking system in which such internal failures can quickly cause wider financial havoc. "Whenever something like the Daiwa scandal occurs, congressional leaders...
...breaching the agreement's secrecy would create financial-market anxiety by raising more questions about Japanese banking stability. The Fed's portrayal of the agreement as virtually risk free raised hackles in Washington. New York's Alfonse D'Amato, chairman of the Senate Banking Committee, wrote Fed chairman Alan Greenspan, saying such an arrangement "could place U.S. taxpayers in the inexplicable position of propping up, or even worse, bailing out, Japanese financial institutions...