|
|
Article: Brady, Greenspan clash before panel over money supply, economic growth. (Nicholas F. Brady, Alan Greenspan, Senate Banking Committee)
- Article from:
- The Bond Buyer
- Article date:
- August 6, 1992
- Author:
CopyrightCOPYRIGHT 1992 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
WASHINGTON - The Bush administration and the Federal Reserve openly wrangled in public yesterday over monetary policy as Treasury Secretary Nicholas Brady attacked the Fed for strangling the money supply.
The unusual dispute, which surfaced in an exchange between Mr. Brady and Federal Reserve Board Chairman Alan Greenspan at a routine hearing of the Senate Banking Committee, led Mr. Greenspan to say Fed officials are close to reaching new conclusions about the relationship between the money supply and the economy.
The clash came as the Federal Reserve Board released the so-called beige book report, which says economic conditions around the United States ...