Word: greenspans
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Dates: during 1990-1999
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...stop worrying already? Everyone?s favorite harbinger of inflation, the red-breasted Consumer Price Index, is harbingering no such thing. After an April spike that put a fear of Greenspan into the markets -- a fear that hasn?t dissipated -- consumer prices in May remained flat (with only a 0.1 percent hike if you exclude falling energy prices). That?s zilch, folks. And so now it can be told: Reports of the resurrection of inflation were greatly exaggerated. "April?s rise was, as predicted, a one-time thing," says TIME senior economics reporter Bernard Baumohl. "With May?s number, the jittery...
Moved PermanentlyMoved PermanentlyFortune Investor DataPresumably, Greenspan will stop worrying too -? if he ever started. Many saw the Fed?s "bias shift" in May as a virtual rate hike, one that showed up in the market?s interest rates and took some steam out of stocks without the central bank?s actually having to do anything. Now, there are only two reasons for the Fed to raise rates at its June 29 meeting ?- to loosen up labor markets or simply to bare its teeth ?- and neither seems compelling enough for Alan & the Gang to act before the next meeting, in August...
...power that he wields Greenspan is said to showcase little of that power. Until he was married he was taken to work from his apartment in the Watergate (where former Senator and Republican presidential candidate Robert J. Dole and his wife Elizabeth lived) in a government-provided Mercury sedan...
Andrea Mitchell says both of them are early risers, with Greenspan spending up to two hours every day poring over work in his bathtub...
Details are few about what Greenspan intends to discuss in today's address...