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.
Source
govinfo.gov
