Reading this article, I learned that President Clinton nominated Alan Greenspan to a fourth term as chairman of the nation's central bank. I had no clue as to what the title of chairman of the nation's central bank did. However, after reading this article, I had some ideas as to what role chairman of the nation's central bank plays. Alan Greenspan makes decisions in the S & P, NASDAQ, and DOW Jones markets. Alan Greenspan also approves interest rates, evaluate US currency against all other countries, makes sure the value of the dollar is at the best interest of the economy, decides on economic policies, and among many other things that I have yet to learn.
The third paragraph into the article talks about fear of rising interest rates will negatively affect corporate profits. I do not understand how rising interest rates will negatively affect corporate profits. One guess might be due to the increase in interest rates, the percentage earned on stocks will decrease. This to me means that the taxes on the stocks will increase. Stockholders will have to pay more taxes on their stocks. Stockholders will not like this, therefore they will end up selling their stocks. This will negative...
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- Alan Greenspan Alan Greenspan, the chairman of the Federal Reserve, has always fascinated the financial community. Whatever he says can make or break the markets. He is a highly educated economist with many years of experience. People seek for his advice and obey his judgments. His proclamations are repeated and expounded upon. Greenspan is loved, feared, and never ever questioned. As a result of being a strong chairman of the Fed, he has made a difference the U.S. economy through his way of dealing with inflation.... [tags: Economy Economists Economics Biography Essays]
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