WSJ: Powell Aims to Recreate Greenspan's 90s Masterpiece
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September 20, 2024
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According to ChainCatcher, the Wall Street Journal assessed Powell's 50-basis-point rate cut as an attempt by the Fed to replicate the success of former Chairman Alan Greenspan in the 1990s. The 1995 rate cut set the stage for a subsequent US economic soft landing and the prosperity of the late 1990s.
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