The Thread Formerly Known as No Rest For The Wicked Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JeffA who wrote (50645)	6/10/1999 2:13:00 PM
From: Charliss	Read Replies (2) of 90042

PHILADELPHIA, June 9 (Reuters) - Federal Reserve Chairman Alan Greenspan left many participants with the firm impression that U.S. interest rates would go up after speaking on Wednesday at a top-level conference of international bankers. Ahead of Greenspan's appearance at the exclusive International Monetary Conference in Philadelphia, world finance xecutives had told reporters they expected the Fed to increase borrowing costs soon in an effort to take some froth off the steaming U.S. economy. After the event -- also attended by European Central Bank President Wim Duisenberg and Bank of France Governor Jean-Claude Trichet -- most felt confirmed in their views, ndicating that the only question left now was not whether U.S. rates would go up, but when. Asked whether the Federal Reserve would raise rates soon to cool the booming U.S. economy, a European banker told Reuters: ''The sense is yes...but the timing?'' ''I think rates are going to go up a little bit,'' said another participant, who asked for anonymity. Greenspan, shadowed by a PHALANX of Secret Service agents, rushed out of the meeting room after the almost three-hour session and did not talk to reporters as he was whisked into a waiting limousine. Trichet, Duisenberg and Bundesbank President Hans Tietmeyer also declined to comment to reporters after the session. Delegates were under strict orders from the conference organizers NOT to disclose the content of any of the sessions. ''If I say anything to you now I won't be invited back next year,'' said one European banker. End

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next