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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (94072)	1/16/2002 3:58:23 AM
From: umbro	Read Replies (1) \| Respond to of 132070

KT asks: Did anyone besides me see Gretchen Morgenson on the McNeill-Lehrer show tonight? No, but you might enjoy this interview, in December 2000, pbs.org Why does Alan Greenspan have so much control over U.S. financial markets? Journalist Bob Woodward, Greenspan biographer Justin Martin, and New York Times financial reporter Gretchen Morgenson discuss his influence. Watch the background report in streaming video Watch the discussion in streaming video .... further down .... RAY SUAREZ: Bob Woodward, do you think that this is intentional, that the chairman understands that his words move markets and chooses them accordingly? BOB WOODWARD: Certainly he does. But if you read that speech or listen to the whole thing, not only is he hinting that there may be and I emphasize maybe an interest rate cut in the near future but he is being very optimistic about the economy. He says that the productivity growth that we have experienced in recent years could likely continue for years. He says the banking system is quite sound, thematically he is saying that he is slowing down the economy and it's possible to have a soft landing, meaning no recession, which of course is his main goal in all of this [emphasis added]. Okay - it isn't fair dredging up the past, but it can be fun. :)