SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Ask Michael Burke
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: PaperChase who wrote (62679)6/17/1999 9:41:00 PM
From: Tommaso  Read Replies (1) of 132070
 
No, as Alan Greenspan made clear today in testimony for Congress, the slowdown is a deliberate correction to the expansion of last fall.

The Federal Reserve does not control the stock market (except by controlling margins, which it has not changed for decades). It only partially controls interest rates. But it has the power to expand or contract the money supply--either short term or long term--whenever it sees fit. In practice, it does this very gradually, except when it perceives a crisis as it (wrongly in my view) did last October.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News