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Article: Testimony of Federal Reserve officials.(Alan Greenspan address, Dolores S. Smith address)(Transcript)(Statistical Data Included)
- Article from:
- Federal Reserve Bulletin
- Article date:
- December 1, 2001
CopyrightCOPYRIGHT 2001 Board of Governors of the Federal Reserve System. 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)
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Testimony of Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System, before the Joint Economic Committee, US. Congress, October 17, 2001
I appreciate this opportunity to appear before the Committee to discuss recent developments in the U.S. economy. Despite the tragic events of September 11, the foundations of our free society remain sound, and I am confident that we will recover and prosper as we have in the past.
But before the recovery process gets under way, stability will need to be restored to the American economy and to others around the world. Arguably, that stability was only barely becoming evident in the United States in ...