~ Alan Greenspan, Federal Reserve chairman, October 19, 1987
(On October 19, the Fed reversed their September 4 rate hike, lowering the Fed funds rate from 7.25% to 6.88% in an emergency inter-meeting move.)
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| June 15, 1987 |
Sep 27, 2008
Alan Greenspan's response to the '87 Crash
The Federal Reserve, consistent with its responsibilities as the nation's central banker, affirmed today its readiness to serve as a source of liquidity to support the economic and financial system.
~ Alan Greenspan, Federal Reserve chairman, October 19, 1987
(On October 19, the Fed reversed their September 4 rate hike, lowering the Fed funds rate from 7.25% to 6.88% in an emergency inter-meeting move.)
~ Alan Greenspan, Federal Reserve chairman, October 19, 1987
(On October 19, the Fed reversed their September 4 rate hike, lowering the Fed funds rate from 7.25% to 6.88% in an emergency inter-meeting move.)
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