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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Sharck who wrote (24912)	5/24/2001 9:58:29 PM
From: Eurobum1	Respond to of 37746

Sharcky...don't worry, we have Greenie behind us... dailynews.yahoo.com Greenspan: Risk of Unexpected Economic Weakness Photos Reuters Photo NEW YORK (Reuters) - Federal Reserve (news - web sites) Chairman Alan Greenspan (news - web sites) 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.