Greenspan lays out his cards
The Federal Reserve’s chairman seems cautiously optimistic that America’s economy is slowing to a sustainable pace. Is he right?
TWICE a year since 1978, the chairman of the Federal Reserve has appeared before Congress, to explain what is going on in the economy and present the central bank's forecasts for the next year. Though the law requiring this semi-annual “Humphrey Hawkins testimony” recently lapsed, the event has become a custom. And so, on July 20th, Alan Greenspan spoke to the Senate Banking Committee. On July 25th he appeared before its counterpart in the House.
This article appeared in the United States section of the print edition under the headline “Greenspan lays out his cards”
From the July 29th 2000 edition
Discover stories from this section and more in the list of contents
Explore the editionDiscover more
Donald Trump may find it harder to dominate America’s conversation
A more fragmented media is tougher to manage
An FBI sting operation catches Jackson’s mayor taking big bribes
What the sensational undoing of the black leader means for Mississippi’s failing capital
America’s rural-urban divide nurtures wannabe state-splitters
What’s behind a new wave of secessionism
Does Donald Trump have unlimited authority to impose tariffs?
Yes, but other factors could hold him back
As Jack Smith exits, Donald Trump’s allies hint at retribution
The president-elect hopes to hand the Justice Department to loyalists
Democratic states are preparing for Donald Trump’s return
But Mr Trump will be more prepared, too