Fed Tries to Recharge Economy. / George Hager.
by Hager, George; Baker, Gerard; Tumulty, Brian; SIRS Publishing, Inc.
Material type:
BookSeries: SIRS Enduring Issues 2002Article 4Business. Publisher: Gannett News Service (Syndicate), 2001; Financial Times, 2001ISSN: 1522-3191;.Subject(s): United States. Federal Reserve System | United States. Congressional Budget Office | Budget | Economic forecasting | Surplus (Economics) | Interest rates | Saving and investment | Stock exchanges | United States -- Economic conditionsDDC classification: 050 Summary: FED TRIES TO RECHARGE ECONOMY -- "The Federal Reserve's second big interest rate cut in four weeks means the Fed has now sliced rates more deeply in a single month than it had in almost a decade [1991-2000]. Is that enough to stave off a recession? As they have been for months now, economists are unsure and divided about where the economy is headed--and whether the Fed's traditionally slow-acting rate cuts can help anytime soon." (USA TODAY) This article examines the condition of the United States economy and includes the Fed's statement regarding its decision to cut interest rates on Jan. 31, 2001.Summary: FED CUTS RATE AND STAYS ON ALERT -- "The Federal Reserve yesterday [Jan. 31, 2001] moved aggressively to halt the US economy's slide by cutting short-term interest rates by half a percentage point for the second time in a month...In announcing the decision, the committee gave its bleakest assessment yet of the deterioration in economic conditions, saying they required a 'rapid and forceful response' from monetary policy." (FINANCIAL TIMES) This article discusses the Fed's recent rate cut and the author mentions more cuts may occur in order to spur the slowing US economy.Summary: HOW THE FEDERAL BUDGET SURPLUS IS EXPECTED TO GROW -- "Even if the nation falls into a brief recession this year or next, the federal budget surplus will continue to grow dramatically, the nonpartisan Congressional Budget Office said earlier this week [Jan. 28, 2001]." (GANNETT NEWS SERVICE) This article discusses the United States' budget surplus and its projected growth over the next 10 years.
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This MARC record contains three articles.
Articles Contained in SIRS Enduring Issues 2002.
Originally Published: Fed Tries to Recharge Economy, Feb. 1, 2001; pp. 1B-2B.
Originally Published: Fed Cuts Rate and Stays on Alert, Feb. 1, 2001; pp. 1.
Originally Published: How the Federal Budget Surplus Is Expected to Grow, Feb. 2, 2001; pp. n.p.
FED TRIES TO RECHARGE ECONOMY -- "The Federal Reserve's second big interest rate cut in four weeks means the Fed has now sliced rates more deeply in a single month than it had in almost a decade [1991-2000]. Is that enough to stave off a recession? As they have been for months now, economists are unsure and divided about where the economy is headed--and whether the Fed's traditionally slow-acting rate cuts can help anytime soon." (USA TODAY) This article examines the condition of the United States economy and includes the Fed's statement regarding its decision to cut interest rates on Jan. 31, 2001.
FED CUTS RATE AND STAYS ON ALERT -- "The Federal Reserve yesterday [Jan. 31, 2001] moved aggressively to halt the US economy's slide by cutting short-term interest rates by half a percentage point for the second time in a month...In announcing the decision, the committee gave its bleakest assessment yet of the deterioration in economic conditions, saying they required a 'rapid and forceful response' from monetary policy." (FINANCIAL TIMES) This article discusses the Fed's recent rate cut and the author mentions more cuts may occur in order to spur the slowing US economy.
HOW THE FEDERAL BUDGET SURPLUS IS EXPECTED TO GROW -- "Even if the nation falls into a brief recession this year or next, the federal budget surplus will continue to grow dramatically, the nonpartisan Congressional Budget Office said earlier this week [Jan. 28, 2001]." (GANNETT NEWS SERVICE) This article discusses the United States' budget surplus and its projected growth over the next 10 years.
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