Alan Greenspan and his colleges of the Federal Reserve have been taking over the last 9 months to slow the economic growth of United States. The astonishing growth rate of 7.3% is fueled by an economy that is in the midst of a "high tech revolution". The Fed has increased interest rates too much in its attempts to slow the economy. The means by which Alan Greenspan and the Federal Reserve have chose to slow the economy …showed first 75 words of 1477 total…

…showed last 75 words of 1477 total…of money because of inflation. When there is an unexpected increase in this rate, the results trickle down to many outlets of the economy such as the stock and bond markets, which can be clearly seen by the sudden stock market fluctuation. In the last year the Federal Reserve began to regulate the economy by increasing interest rates because of the fear of rising inflation. Time will tell the effectiveness of these measures. ------------------------------------------------------------------------ **Bibliography**