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Fed Raises Rates in Election Year Defies Convention
The Fed under Chairman Alan Greenspan, a Republican, raises rates during an election year while the Bush administration avoids criticizing the move, citing independence and a stronger economy. Bush renominates Greenspan as markets wobble and job growth stalls.
MENTIONED IN THIS ARTICLE
Fed
Bush
Washington, D.C
Federal Reserve
Alan Greenspan
White House
Greenspan
Reces
Nicholas Brady
Treasury
William McChesney Martin
Martin
Harry Truman
Richard Nixon
Lyndon Johnson
LBJ
Texas
Johnson