1. And though economists predict US growth is expected to slow, interest rate cuts by the Federal Reserve, copied by European central banks, also reassured financial markets. 2. As for concerns about the market, well, the market should be reassured by democracy in action, not frightened by it. 3. A. So far nothing that has been done on the official level has reassured markets, has restored confidence, or has provided a solution. 4. But analysts say military strikes this week against the Taliban regime in Afghanistan have reassured the market. 5. By reappointing Alan Greenspan as chairman of the Federal Reserve, he has reassured markets everywhere. 6. By limiting inflation, the stronger dollar also tends to reassure financial markets and hold down interest rates, Rubin added. 7. Newman is a former vice chairman and chief financial officer at Bank of America in San Francisco, and the officials said his selection would reassure financial markets. 8. President Clinton nominated Federal Reserve Chairman Alan Greenspan to another term Tuesday, reassuring financial markets by keeping the widely respected central banker on for another four years. 9. Some officials even fear that public criticisms would prompt the Fed to push interest rates even higher so as to reassure financial markets of its continued independence. 10. The government also took steps to reassure markets. |