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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: dennis michael patterson who wrote (7981)	5/24/2001 8:36:19 PM
From: Challo Jeregy	Read Replies (1) of 52237

Thursday May 24, 8:31 pm Eastern Time Greenspan: Risk of Unexpected Economic Weakness NEW YORK (Reuters) - Federal Reserve Chairman Alan Greenspan said on Thursday the U.S. economy is still at risk of weakening more than anticipated, a situation that could require further rate cuts by the central bank. ``This period of sub-par economic growth is not yet over, and we are not free of the risk that economic weakness will be greater than currently anticipated, requiring further policy response,'' Greenspan said in a speech prepared for delivery to the Economic Club of New York. However, the Fed chief emphasized that the aggressive action the central bank has already taken this year was yet to fully impact the overall economy. ``We also need to be aware that our front-loaded policy actions this year should be providing substantial support for a strengthening of economic activity later this year,'' he said.

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