Statement by Press Secretary Fitzwater on the Federal Reserve System's Reduction of the Discount Rate
December 18, 1990
We welcome the news of the lower discount rate. It should be helpful in promoting growth in the economy in the months ahead. This move appears justified by the budget agreement and the general slowdown.
George Bush, Statement by Press Secretary Fitzwater on the Federal Reserve System's Reduction of the Discount Rate Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/265455