Posted on 02/16/2005 7:05:15 AM PST by SoFloFreeper
WASHINGTON (AP) -- Federal Reserve Chairman Alan Greenspan told Congress on Wednesday that the economic expansion rolled into the new year at a respectable pace and that inflation -- while not an immediate threat -- is something policy-makers must continue to guard against.
Greenspan, delivering the Fed's twice-a-year economic outlook to lawmakers, struck a fairly positive tone about the economy, which had been mired in a mid-year lull last year and has since improved.
"All told, the economy seems to have entered 2005 expanding at a reasonably good pace, with inflation and inflation expectations well-anchored," Greenspan said in prepared testimony before the Senate Banking Committee.
How inflation fares in the coming months, however, will shape whether Fed policy-makers -- now on a gradual path of raising short-term interest -- will need to adjust the speed of the campaign by either speeding up or slowing down, Greenspan indicated.
Greenspan admits he's clueless.
now the changed it again: "No pause for the Fed"
too bad no one cached the first "beware" biased headline
Yes, I know exactly how to do it. But it is hard to understand, hard on people with fixed incomes, and requires a lot of people to participate. In a nut shell, we can collectively reinterpret our taxes as investments in the US, and reinterpret dollars as US bond certificates. I.E. at tax time we will trade some of our US securities certificates for US equities. Problem solved. :)
The time may not be right for this plan yet. People have to feel financial pain to be motivated to participate, and under Bush we will probably be OK in the short-term.
She wasn't lying. I do want to kill SS. Along with medicare, the ATF, etc.
Social Security Activism
http://www.freerepublic.com/focus/f-news/1345432/posts
Willie Green is deeply saddened
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