Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: kendall harmon who wrote (86025)	7/22/1999 12:00:00 PM
From: JK	Respond to of 119973

OCA-hearing rumors of buyout

To: kendall harmon who wrote (86025)	7/22/1999 12:00:00 PM
From: rory sohn	Respond to of 119973

ESST---ESST

To: kendall harmon who wrote (86025)	7/22/1999 12:02:00 PM
From: westpacific	Respond to of 119973

GREENSAN comments - could this lead to a slow market going forward? WASHINGTON (Reuters) - Federal Reserve Chairman Alan Greenspan said Thursday the U.S. central bank will be extremely careful not to allow a possible pick-up in prices and wages that might threaten the nation's economic boom. In key testimony to U.S. lawmakers, Greenspan pledged the Fed would act ''promptly and forcefully'' if it saw evidence of rising inflation. Still, he cautioned that the central bank was not committed to any imminent increases in U.S. interest rates and noted prices had so far been remarkably well-behaved. ''The already shrunken pool of job seekers and considerable strength of aggregate demand suggest that the Federal Reserve will need to be especially alert to inflation risks,'' he said in his twice-yearly monetary policy report to Congress. ''If new data suggest it is likely that the pace of cost and price increases will be picking up, the Federal Reserve will have to act promptly and forcefully.'' The Fed nudged up short-term interest rates last month to show it is serious about heading off inflation pressures, but it also adopted a so-called neutral stance on the future direction of borrowing costs in the world's top economy. Greenspan said that step did not preclude the Fed from acting if it saw emerging imbalances. The central bank took the step to make clear it was not ''committed in short order to tighten further,'' he said. The Fed's policymaking committee next meets on Aug. 24. Greenspan repeated that developments in the stock market had been a key factor in the outlook for economic growth and spending, even though the central bank did not target equity prices directly in its monetary policy. In a typically cryptic warning over the high level of U.S. equity prices, he said there was the risk of a ''euphoric'' run-up in stock prices that could propel the market to unsupportable levels.