TITLE

A blow to prosperity?

AUTHOR(S)
Hage, David; Collins, Sara
PUB. DATE
April 1994
SOURCE
U.S. News & World Report;4/18/94, Vol. 116 Issue 15, p62
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Examines how rising interest rates could hammer America's economic expansion. Decision of Federal Reserve Bank Chairman Alan Greenspan to raise short-term interest rates on February 4. 1994 and again on March 22, 1994 in order to quell inflationary expectations and stabilize long-term rates; How exactly the opposite happened; The Fed's surprise at the market's volatile reaction; Views of economists; How interest rates can hurt housing industry.
ACCESSION #
9404127650

 

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