Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

" "Greenspan says Fed to keep raising interest rates"

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
 
GreenPartyVoter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-20-05 12:11 PM
Original message
" "Greenspan says Fed to keep raising interest rates"
WASHINGTON (Reuters) - Alan Greenspan, in one of his last appearances before Congress as Federal Reserve chairman, told lawmakers on Wednesday the U.S. growth outlook was solid and the Fed will keep lifting interest rates.

But he warned "significant uncertainties" confront this positive prospect, including high energy prices, labor costs, the future path of long-term interest rates and the danger this could spell for the country's housing market.

"Our baseline outlook for the U.S. economy is one of sustained economic growth and contained inflation pressures," he told the House of Representatives Financial Services Committee in the first of two days of semiannual testimony on the economy and monetary policy.

"In our view, realizing this outcome will require the Federal Reserve to continue to remove monetary accommodation. This generally favorable outlook, however, is attended by some significant uncertainties that warrant careful scrutiny."

http://money.iwon.com/ht/nw/bus/20050720/hl_bus-n201113...
Printer Friendly | Permalink |  | Top
MercutioATC Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-20-05 12:15 PM
Response to Original message
1. The market seems happy with it...
...so I'm happy with it.

(my entire 401k is in stocks right now)
Printer Friendly | Permalink |  | Top
 
GreenPartyVoter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-20-05 12:19 PM
Response to Reply #1
2. Stocks took a dip.. but I guess they will even out
NEW YORK (Reuters) - U.S. stocks fell slightly on Wednesday after Federal Reserve Chairman Alan Greenspan signaled more interest-rate rises and a mixed bag of earnings, but losses were capped by a drop of more than $1 in oil prices.

http://money.iwon.com/jsp/nw/nwdt_rt.jsp?section=news&f...
Printer Friendly | Permalink |  | Top
 
MercutioATC Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-20-05 12:27 PM
Response to Reply #2
4. A little one, but that was from early earnings reports.
After the Fed announcement, they actually recovered a bit.

The DJIA is +7 now.
Printer Friendly | Permalink |  | Top
 
candy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-20-05 12:27 PM
Response to Original message
3. It's good for savers---I'm a saver,not a borrower.
Printer Friendly | Permalink |  | Top
 
GreenPartyVoter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-20-05 12:36 PM
Response to Reply #3
6. Yeah. Savings? Never heard of it.
Printer Friendly | Permalink |  | Top
 
gratuitous Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-20-05 12:29 PM
Response to Original message
5. Translation: Chimpy doesn't have to face re-election
So it's time to pay the piper for the binge we've been on for the last five years. During the next three years, we'll figure out how to blame the Democrats.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Oct 02nd 2014, 09:38 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC