Many corporate executives want such a system, but fewer than 10 percent of U.S.
corporations have created systems to gather, analyze, and act on economic data in
close to real-time.
Though everyone of the six governors vote at meetings and the Federal Reserve
Bank presidents provide input , very little dissension occurs at the Fed. Such disagree
ment could shake the confidence of the economy.
Greenspan's decisions affect the flow of billions of dollars between banks and coun
tries, affect corporate profits in a major way, and affect millions of jobs.His savvy decision
making approach toward adjusting interest rates and the money supply led to the longest
modern surge in the U.S. economy,which lasted throughout most of the 1990s