Who does the Fed want?(Albert Gore or George W. Bush)(Brief Article)

Futures (Cedar Falls, Iowa), November, 2000 by Beckner, Steven K.

Although hardly the central focus, this election season has brought speculation of which presidential nominee would work best with the Federal Reserve if elected.

Simply comparing the ClintonGore administration and the BushQuayle administration, it might be supposed a Gore administration would get along better with the Fed than Bush the younger. Conflicts between the Fed and the administration of Bush the elder were legendary, after all. Bush's Treasury Secretary Nicholas Brady constantly jawboned the Fed to cut interest rates and grew so exasperated with the slow pace of Fed easing in the late 1980s and early 1990s that he suspended his weekly breakfast meetings with Alan Greenspan. President Bush himself in his 1991 State of the Union speech, declared,...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.