Word: seger
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...Chairman Alan Greenspan had taken considerable heat earlier in the week for the board's reluctance to ease credit. President Bush turned it up to broil during his State of the Union address last Tuesday with the demand "Interest rates must come down now." Departing Fed member Martha Seger criticized the board for failing to ease credit earlier, which she believes might have prevented the recession. Seger contended that the Fed is staffed by academics with little business experience and even less sense of the effects of their decisions. The Fed's decisive move last week should dampen the criticism...