[Congressional Record Volume 141, Number 20 (Wednesday, February 1, 1995)]
[House]
[Page H976]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1110
                   EFFECTS OF INTEREST RATE INCREASES

  (Mr. TRAFICANT asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. TRAFICANT. Mr. Speaker, in America the sun shines in from the PTA 
to the Halls of Congress. The American people have a front row seat.
  But when it comes to the Federal Reserve Board, the American people 
cannot even buy a seat in the peanut gallery. Unbelievable; at this 
very moment the Fed behind closed doors is deciding whether or not to 
raise our interest rates. And the Fed says ``Look, our business is too 
important for the American people to understand and what the American 
people don't know won't hurt them.''
  Unbelievable.
  Mr. Speaker, while Congress cannot go to the bathroom without a 
camera team, the Federal Reserve Board conducts their business and 
Congress waits for Alan Greenspan to come out of some closed door with 
either thumbs up or thumbs down.
  Mr. Speaker, I say it is very simple: Alan Greenspan is giving 
America the finger and Congress does not even know why.

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