Alan Greenspan MUST GO: Message Board

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Pastimes : Alan Greenspan MUST GO:

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To: Master (Hijacked) who started this subject	3/2/2001 3:06:43 PM
From: Master (Hijacked)	of 494

msnbc.com Greenspan waves the white flag The Fed has lost control of the economy, with nothing it can do that won’t make things worse OPINION By Christopher Byron MSNBC CONTRIBUTOR Feb. 28 — Has the Federal Reserve thrown in the towel on a developing recession in the United States? That’s one way to read the cheerless — almost fatalistic — comments of Fed Chairman Alan Greenspan Wednesday before Congress. His message to Wall Street and the nation: The current economic retrenchment has to run its course, and the Fed is not likely to take extraordinary action of any sort unless “fear” and “non-rational behavior” begin driving the markets.

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