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

To: Peter Singleton who wrote (42881)	1/11/1999 11:18:00 AM
From: RealMuLan	Respond to of 132070

Here is the latest from GS: BIS says Greenspan sees U.S. growth off modestly Monday January 11, 7:33 am Eastern Time HONG KONG, Jan 11 (Reuters) - U.S. Federal Reserve Chairman Alan Greenspan told a meeting of central bankers in Hong Kong there were prospects for a moderate easing in U.S. growth, a Bank for International Settlements (BIS) official said on Monday. According to BIS General Manager Andrew Crockett, Greenspan told the 17 central bankers assembled at a BIS-sponsored meeting that growth would ease moderately but would be satisfactory. ''Greenspan explained the situation in the United States economy and foresaw, as I think is not new, that although the prospects were for some easing in the pace of growth in the United States, the growth rate had been until now encouraging and that the slowing that was foreseen for next year would be relatively moderate in nature and would still leave an economically satisfactory position,'' Crockett told reporters after the meeting. Crockett also said the view of central bankers at the meeting was that the global economic environment was ''a reasonably positive one.'' Seventeen central bankers, including 11 from Asia, attended the Hong Kong meeting of the Basle-based BIS, known as the central banks as the world's central banks. biz.yahoo.com