A blow to prosperity?

Hage, David; Collins, Sara
April 1994
U.S. News & World Report;4/18/94, Vol. 116 Issue 15, p62
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.


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