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U S Monetary Policy In 1995

U.s Monetary Policy In 1995

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Title: U.s Monetary Policy In 1995

Essay Details:

Subject: Miscellaneous

Author: Carlos L

Date: January 8, 2013

Level: University

Grade: A

Length: 5 / 1392

Essay text:

economy. He states that "With inflationary pressures apparently receding, the previous degree of restraint in monetary policy was no longer deemed necessary, and the FOMC consequently implemented a small reduction in reserve market pressures last July." (Greenspan, 1996, Speech) During the Summer and Fall of 1995, the economy experienced a strengthening of aggregate demand growth. According to Greenspan, this increase in aggregate demand brought finished goods inventories and sales into near equilibrium. The Fed's fine tuning of the economy seemed to be paying off. Greenspan had a positive outlook for the economy for the rest of 1995...

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