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Hace 16 horas · In 1987, Reagan appointed conservative economist Alan Greenspan to succeed Volcker, and Greenspan would lead the Federal Reserve until 2006. Greenspan raised interest rates in another attempt to curb inflation, setting off a stock market crash in October 1987 known as "Black Monday", but the markets stabilized and recovered in the following weeks.
Hace 16 horas · Most Powerful Republican in Congress Complains He Has No Influence – Mitch McConnell has admitted he can’t control the Republican Party.
