WSJ: Powell Aims to Recreate Greenspan's 90s Masterpiece
Article is form Jinse
September 20, 2024
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According to Golden Finance, the Wall Street Journal assessed Powell's 50 basis point rate cut as an attempt by the Fed to replicate a masterpiece by former Fed chairman Alan Greenspan in the 1990s. The 1995 rate cut laid the groundwork for the subsequent soft landing of the US economy and the boom of the late 1990s.
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