In fact, we went even further and eased policy moderately following the stock market collapse in light of the greater risk to continued economic expansion. The federal funds rate dropped from over 7-1/2 percent just before October 19th toanbsp;...
|Title||:||"Black Monday," the stock market crash of October 19, 1987|
|Author||:||United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs|