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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (136936)	12/3/2001 3:15:42 PM
From: GraceZ	Respond to of 436258

Think W nodded off during lunch? Bush and Greenspan Discuss the Economy WASHINGTON (Reuters) - President Bush and Federal Reserve Chairman Alan Greenspan met on Monday to discuss the U.S. economy a week after it was declared to be in a recession, the White House said. ``The president was interested in listening to the chairman's points of view on the economy. The president is deeply concerned about the economy,'' White House spokesman Ari Fleischer told reporters. The meeting, over lunch, was one of a series of meetings and not triggered by any specific event, Fleischer said. But it was the first meeting between Bush and Greenspan since the National Bureau of Economic Research last week declared that the U.S. economy entered a recession in March. Also last week, White House budget director Mitch Daniels said the U.S. government would run budget deficits until at least fiscal 2005 due to the economic slowdown and costs of the U.S.-led war on terrorism. ``The president has the economy on his mind despite events around the world,'' Fleischer said. Greenspan had been given credit for a record-long economic expansion during the 1990s. He has led the Fed this year through a quick series of 10 interest-rate cuts, totaling 4.5 percentage points, aimed at reviving growth. The Fed is widely expected to trim rates again when its policy setting committee meets on Tuesday, Dec. 11. Fleischer said it was also essential for the Senate to pass its version of a proposed economic stimulus package biz.yahoo.com