|
|
Article: Is the party over before all the invitations have gone out?(Knight Ridder/Tribune Information Services)
- Article from:
- Knight Ridder/Tribune News Service
- Article date:
- June 15, 2000
- Author:
CopyrightCOPYRIGHT 2000 Knight-Ridder/Tribune News Service. 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)
|
When the Federal Reserve Board meets at the end of this month, it will decide whether to increase interest rates yet again to "slow down" what some think is an overheated economy.
Fed Chairman Alan Greenspan speaks frequently of putting the brakes on an economy that is moving too fast. But why should he put on the brakes when some don't even have the gas to start up their cars?
The most recent unemployment rate figures show a cooling of our supposedly overheated economy. The unemployment rate ticked up from 3.9 percent to 4.1 percent. For African-Americans, the rise was much more steep _ from 7.2 percent to 8 percent.
To be sure, these rates are ...