George H.W. Bush: “Lowering the discount rate--and the Fed just announced a half-point…”

On the recordApril 30, 1991

Lowering the discount rate--and the Fed just announced a half-point reduction to 5.5 percent from 6 percent, and this is good. This will stimulate our economy. I think it will help worldwide as well. It is very good news, and I think it will be well-received in this country. And I hope that it will have a strong effect inter- nationally. We are the largest economy in the world. And if ours is robust and growing, that benefits everybody else, in my view.

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George H.W. Bush

Republican · Texas

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govinfo.gov

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George H.W. Bush: “Lowering the discount rate--and the Fed just announced a half-point reduction to 5.5 percent from 6 percent, and this is…”