Summary of Remarks made by Governor Edward M. Gramlich The Samuelson Lecture, before the 24th Annual Conference of the Eastern Economic Association, New York, New York February 27, 1998 In this speech Governor Gramlich addresses the issues that arise when the question of whether the Federal...

Money doesn't grow on trees. How often has one heard that cliche? But if horticulture cannot produce dollars and cents, then how is money created? One rather flip answer might be that money's value is created because the government 'says so.' Despite the sarcasm inherent in th...

Monetary Policy Currently signs show that the economy is beginning to expand at a more favorable rate than over the past two or three years. Economic activity has certainly quickened and on a broader scale and their have been noticeable gains in employment. In addition signs are beginning to s...

Our Economic Future When I first decided to take this class I felt there was not much that when into the predictions of stock prices and the future of your economy. It is clear now that there are at least six different factors that contribute to the movement of our capital markets. At th...

"Greenspan and Friends" On Tuesday, March 20th, 2001 The Federal Reserve Committee led by Alan Greenspan decided to lower the federal funds rate from five and half percent to five percent. The Federal Funds Rate is the rate at which banks loan each other money over night. The Federa...

The U.S. Economy was affected in many ways by the numerous tax rate cuts; the affects include the stock market, manufacturing, retail sales, unemployment, U.S. consumer confidence, and rumors of wars. The Fed's goal is to make money more available to consumers, who drive two-thirds of A...

The title of this book by Alan S. Blinder and Janet L. Yellen indicates the extent to which the authors found the 1990s US economic boom a spectacular success. Blinder and Yellen provide much personal insight for what they describe as the main reasons for what they refer to as "The Fabulous Dec...

Maestro: Book Review Bob Woodward's book, Maestro, is sort of a mini-political biography of Alan Greenspan. The book doesn't get into Greenspan's personal life at all, rather it sticks to the discussion of Greenspan's work as an economist for the U.S. government. There is very...

: President Clinton appointed Alan Greenspan, a well-known chairman of the Federal Reserve Board, to his fourth term as the chairman of the nation's central bank. Alan Greenspan accepted the chance to lead the Federal Reserve Board for another four-year term beginning June of 2000. President C...

Fixing Short-Term Interest Rates Many things must be taken into consideration when approaching any aspect of economic policy. Policies and procedures cannot be effective, and can sometimes be very detrimental, without adequate knowledge of the economy in its individual parts and in its entiret...