Ronald J. Cappuccio, J.D., LL.M. (Tax)

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Fed Chairman Suggests Interest Rates have Bottomed

| Nov 9, 2003 | Uncategorized

FED CHAIRMAN SUGGESTS INTEREST RATES HAVE BOTTOMED

The increase in job creation and economic growth may mean no further reduction in interest rates. Chairman of the Federal Reserve, Alan Greenspan, indicated that the Fed’s concern is shifting away from fears of slow/no growth to fears that the budget deficit should be reduced.NY Times Article

This is the time for Congress to consider deficit reduction by cutting government expentiures.
see: http://www.TaxEsq.com

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