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Greenspan's Re-Nomination


When Alan Greenspan presented the Federal Reserve's semi-annual report on monetary policy to the Subcommittee on Domestic and International Monetary Policy,ralph lauren, the Committee on Banking and Financial Services,louboutin, and the U.S. House of Representatives on February,casque beats, Dr. Greenspan touted a cautionary yet favorable view of the U.S. economy.  He states that "With inflationary pressures apparently receding,louboutin, 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,louboutin pas cher, 1996,beats by dre, Speech)
     During the Summer and Fall of 1995,polo ralph lauren, the economy experienced a strengthening of aggregate demand growth.  According to Greenspan,abercrombie and fitch, 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...

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