Friendly fire from the fed

Meyers, William; Black, Robert F.
May 1994
U.S. News & World Report;5/30/94, Vol. 116 Issue 21, p46
Discusses how Federal Reserve Chairman Alan Greenspan has launched yet another monetary missile. For the fourth time in three months, the central banker hiked short-term interest rates in an effort to control inflation. How his latest salvo could eventually end up wounding American consumers and companies--the economic equivalent of friendly fire; Greenspan's strategy; Difficulty piloting today's economy; Negative effect on home sales.


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