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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (11274)	1/18/2000 3:37:00 PM
From: Wally Mastroly	Read Replies (2) \| Respond to of 15132

Greenspan's Humphrey-Hawkins testimony on Feb 17 WASHINGTON, Jan 18 (Reuters) - Federal Reserve chairman Alan Greenspan will deliver his twice-yearly Humphrey-Hawkins testimony to Congress on monetary policy on Feb. 17, the House Banking Committee said on Tuesday. In a statement, it said the U.S. central bank chief would address the full committee on ''the Federal Reserve Board's conduct of monetary policy,'' starting at 10 a.m. (1500 GMT). The testimony is a major event in the economic calendar as it gives Greenspan a forum in which to show where he thinks borrowing costs are heading in the world's biggest economy. The Humphrey-Hawkins hearings date back to a 1978 law authored by Sen. Hubert Humphrey and Representative August Hawkins that formalized the Fed's accountability to Congress and set out its goals of promoting maximum growth and stable prices. The law and the regular testimonies by Fed chiefs, one in February and one usually in July, was to have ended last year under a law aiming to cut paperwork. But Congress voted to extend the testimonies into the first half of this year. It was not immediately known on what date Greenspan would testify before the Senate Banking Committee, whose chairman, Texas Republican Phil Gramm, is opposed to continuing Humphrey-Hawkins.