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Technology Stocks : Jimbo's Playhouse/CPQ
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To: Kenya AA who wrote (1750)6/2/1999 1:07:00 PM
From: Mao II  Read Replies (1) of 12662
 
K & Thread: Hot from Reuters:
BOSTON (Reuters) - Federal Reserve Chairman Alan Greenspan Wednesday steered clear of commenting on the outlook for U.S. interest rates, instead repeating his concern over waning U.S. support for free world trade.
In a speech to business leaders in Boston, Greenspan lashed out against a rising tide of protectionism in the United States and criticized the Clinton administration's trade policy as being too confrontational.
But the speech gave no hints for financial markets, which were eagerly awaiting any indication on the future course of interest rates. Recent reports depicting an economy in danger of overheating has raised speculation the Fed will raise borrowing costs soon.
His remarks largely mirrored a speech the Fed chairman gave in Dallas in mid-April.
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