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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (46112)	2/8/2006 5:42:05 PM
From: CalculatedRisk	Respond to of 116555

Greenspan, at Lehman Dinner, Suggests Rates May Rise bloomberg.com Excerpt: Former Federal Reserve Chairman Alan Greenspan suggested at a private dinner yesterday that short-term U.S. interest rates may need to rise further, a person briefed by a participant at the meeting said. The person, who declined to be identified, said Greenspan told about a dozen clients of Lehman Brothers Holdings Inc. in New York that low long-term rates were limiting the Fed's ability to manage the economy. Homeowners are borrowing more against the value of their homes to finance spending, the person said. Greenspan went on to suggest that the Fed may need to raise short-term rates more to keep the economy from overheating, according to the person, who saw a summary of the meeting by one of the participants. Greenspan, who was succeeded last week by Ben Bernanke, didn't say how high rates would climb, the person said.