Bush Goes Mum on the Fed

With his comments about the recent rate reduction, Dubya broke one of Washington's unwritten rules. Thankfully, he has already learned his lesson

Last week Federal Reserve Chairman Alan Greenspan made President Bush very happy by publicly embracing tax cuts as an elixir for the ailing economy. On Jan. 30, Bush returned the favor. Just weeks after commenting effusively about the Fed's decision to cut interest rates, the new President declared that he would never do so again. Ever. From now on, he'll remain mum about the deliberations of Greenspan & Co. "He's an independent voice and needs to be an independent voice," Bush declared at a White House photo opportunity.

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