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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (32217)7/11/2000 1:09:10 PM
From: IQBAL LATIF  Read Replies (2) of 50167
 
<<Stocks rallied strongly at midday on Tuesday, cheered by Federal Reserve Chairman Alan Greenspan's upbeat views on productivity growth.

Investors took their cue from the central bank chief's comments that the surge in the nation's productivity showed little signs of slowing.

Greenspan bolstered Wall Street hopes that interest rates would remain unchanged when the Fed's rate-setting panel meets on Aug. 22.>>
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