Post-election economy: more of the same? (favorable outlook for President Clinton's second term)(The Economy)(Column)

ABA Banking Journal, January, 1997 by Hontzas, Thomas M.

Pres Clinton's reappointment of Federal Reserve System Chairman Alan Greenspan means the nation's economy has a good chance to remain stable during Clinton's term. Unemployment and inflation rates are both low. Economic prospects will be even better if Clinton and Congress reduce spending on Social Security and Medicare. Significant changes in tax policy are unlikely, although a compromise on a capital gains tax could happen.

Now that yet another campaign has come to an end, what can be expected from our men and women in government, and how will t affect our country's economy?

Federal Reserve Chairman Alan Greenspan was effective in engineering a soft landing during the President's first term. President Clinton's reappointment of Greenspan as Fed...

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