... markets in the world reacted equally sensitive on Greenspan's words. Someone said on PBS's Newshour one day later that "traders interpreted the Federal Reserve Chairman's comments to mean that stocks in the U.S. market were overvalued and that, in response, the Federal Reserve might raise U.S. interest rates, thus affecting markets everywhere". A Business Week editor made the following remarks about this:" I"m not sure they interpreted it ... participates in the stock market. What is amazing is that the information Alan Greenspan conveys in addresses is something very subjective. About ...

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• Approx Pages: 10
• Grade Level: High School