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Focuses on the mistake made by the United States Federal Reserve in cutting short-term interest rates in January 2001. Explanations for its failure to recognize the vital signs of inflation; Impact of the decision on the stock market.

Criticizes the notion of the Third Way stating that liberal left parties in rich countries should be the parties of fiscal discipline according to United States President Bill Clinton. Advantages of running a balanced budget; Move of the Federal Reserve in increasing interest rates; Budget surpluses in the United States; How to pursue full employment.

Discusses the implications of the decline in long-term interest rates in the United States, highlighting the request for the Federal Reserve to cut interest rates. Information on the percentage at which the rates declined to on Friday August 21, 1998; Comments from various economists; Reference to the impact which the low interest rates are having on the US economy; Performance of short-term interest rates.

Opinion. Assesses the role of the rising interest rates in the 1994 Congressional elections. Details of the economic performance in the said period of 1994; Assessment of the United States President Bill Clinton's economic reforms and their performance.

Opinion. Comments on the rise of interest rates in the United States. Impact of the interest rate increase on banks and banking; Factors influencing the decision to rise interest rates; Economic impact of interest rates.