Greenspan's Gloom

Paper Rating: Word Count: 526 Approx Pages: 2

This article talked about Federal Reserve Chairman, Alan Greenspan's appearance before Congress this last Wednesday, April 30th. According to the author, the purpose of this meeting was to review the fine details of Greenspan's most recent monetary-policy report. But apparently Mr. Greenspan used this open opportunity more or less to review our current post-war economic outlook. The message he gave wasn't so much of a positive one. If anything, it was one of caution and uncertainty. He mentioned that although consumer spending has become less apprehensive, it is still at a very mild, neutral stage. What Greenspan seemed to make the biggest emphasis on was business investment. He claims that the recent lack of confidence in business spending has been the key

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