Bush , the first 2 years , has become a key economic advisor to President Alan Greenspan , who has named him to lead a commission to study a proposal to cut the tax rate on capital gains. Greenspan has cut the Federal Reserve's key discount rate twice in the last 6 weeks . While these cuts are justified on economic grounds, they also agree with economic goals of the Bush administration. ; While such actions may be justified on economic grounds, they also conveniently jibe with what the administration wants from the Fed. Greenspan must guide the Fed through the concurrent crises of the war, recession, bank failures, budget deficits, and crashing consumer confidence. For the first 2 years the Bush administration was virtually at war with Alan Greenspan , but the Federal Reserve's -watchers now expect him to be reappointed.
Bush , the first 2 years , has become a key economic advisor to President Alan Greenspan , who has named him to lead a commission to study a proposal to cut the tax rate on capital gains. Greenspan has cut the Federal Reserve's key discount rate twice in the last 6 weeks . While these cuts are justified on economic grounds, they also agree with economic goals of the Bush administration. Greenspan must guide the Fed through the concurrent crises of the war, recession, bank failures, budget deficits, and crashing consumer confidence. For the first 2 years the Bush administration was virtually at war with Alan Greenspan , but the Federal Reserve's -watchers now expect him to be reappointed.