In October 2004, a month after the presidential election, U.S. Federal Reserve Chairman Alan Greenspan conducts a full review of unusual events of the last six years, including the devastating terrorist attacks of 11 September 2001. In addition to politics, what were the main drivers of the economy? Should he continue on the path started a few months ago, when the Fed started to raise interest rates, or it must suspend such activities in order to allow the economy to make a full recovery from the 2001 recession?
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by Wei Li, Alan R Beckenstein Source: Darden School of Business 13 pages. Publication Date: November 14, 2005. Prod. #: UV0922-PDF-ENG