TITLE

The economy running on empty

PUB. DATE
December 1991
SOURCE
U.S. News & World Report;12/30/91-1/6/92, Vol. 111 Issue 27, p24
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Reports that the latest cuts in interest rates by the Federal Reserve may take six months or longer to affect the US economy. The central bank's slicing of a full percentage point from the discount rate, its lowest level since 1964; The cut comes in response to the mounting total of job layoffs; The grim news from General Motors (GM); The closing of 21 GM factories by 1994.
ACCESSION #
9112301223

 

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