Abstract

The Issue Whose Name They Dare Not Speak
Henwood, Doug | July 20, 1992 issue

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This article presents information related to economic developments in the United States. One reason the banking mess has receded from view is that the Federal Reserve--which no doubt prefers that the financial system never be an electoral issue at all--has been easing policy gradually but steadily since March 1989. The federal funds rate, the most sensitive indicator of the central bank's policy, has fallen in thirty-two of the past forty months, pushing short-term interest rates to their lowest levels since 1963. The government is spending hundreds of billions of public dollars to restore business as usual.

See Also:

FEDERAL funds market (United States); ECONOMIC indicators; ECONOMIC policy; INTEREST rate futures; MONETARY policy; UNITED States
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