Statement by Press Secretary Fitzwater on the Federal Reserve System's Reduction of the Discount Rate
We welcome the news of the lower discount rate. It should be helpful in promoting growth in the economy in the months ahead. This move appears justified by the budget agreement and the general slowdown.
We have provided a link to this site because it has information that may interest you. The site was developed in consultation with the National Archives in order to provide you with information and services that relate to our mission. The National Archives monitors the content to ensure its accuracy and legality.