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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 613 |
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I found the wording really hard to comprehend. Finally, I figured out that what this statement was really trying to say is that interest rate is currently at 5.5%. Interest rate is expected to rise one quarter of one percentage point. This rise in interest rate will be the fourth time that it has risen...
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This rise in interest rate will be the fourth time that it has risen.
The article basically reviews Alan Greenspan's work. There were ups and downs throughout Alan Greenspan's term. The article mentioned when Alan Greenspan took command of the Fed, the stock market crashed. However, Alan Greenspan saved his reputation by flooding the banking system with funds, making sure that credit was readily available to everyone who needed it...
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