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Politics : Formerly About Applied Materials

AMAT 329.07

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Feb 10 3:59 PM EST

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To: StanX Long who wrote (61643)	3/7/2002 3:50:09 AM
From: StanX Long	Read Replies (1) of 70976

Eyes on Greenspan as Upbeat Data Pours In By Caren Bohan Thursday March 7, 1:16 am Eastern Time biz.yahoo.com WASHINGTON (Reuters) - Federal Reserve Chairman Alan Greenspan is set to testify on the U.S. economy on Thursday with markets in suspense about what kind of spin he will offer on the recent run of upbeat economic data. ADVERTISEMENT Some economists think that when the Fed chief gives part two of his semiannual monetary policy testimony before the Senate Banking Committee at 10 a.m., his tone may differ a bit from Feb. 27, when he delivered the first part to the House of Representatives financial services panel. ``I think Greenspan's going to be more optimistic,'' said Greg Valliere, managing director at Schwab Washington Research. ''This economy is not going to have a wimpy recovery. I think it's going to be robust.'' If the Fed chairman puts heavy emphasis on the potential for a solid economic recovery, some analysts might interpret that as a signal the central bank may be mulling a reversal of last year's 11 interest rate cuts. On the other hand, some experts said the Fed may not be in any rush to even consider pushing up borrowing costs with the outlook still uncertain for some key areas of the economy, such as business demand for capital equipment.

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