Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.
(Studio: Dan Rather) Report introduced.
(Studio: Ray Brady) Federal Reserve Bd. chairperson Alan Greenspan reported raising federal discount rate after August unemployment figs. were determined; details given, scenes shown. Implications for prime rate, stock market and economy in general considered. [Analyst David JONES - explains implications for consumers.] Rel. between Federal Reserve Bd.'s discount rate and prime rate of maj. banks explained, illustrated on screen. [Home builder Fred ROACH - expects adverse impact on industry] [Real estate broker Arthur RIOLO - agrees.] Possible prime, mortgage and home equity loan rates next year outlined on screen. [JONES - expects bull market in stks. to halt.] "STK. MKT. REPORT"
(Studio: Dan Rather, Ray Brady) Basis of Greenspan's decision considered.
- Brady, Ray;
- Rather, Dan
Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.
Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:
- You may request a loan of this video by registering on our website and placing an order.
- You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
- If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.