Greenspan's testimony was balanced. ordtak

en Greenspan's testimony was balanced. We believe today's remarks were enough to think that the Fed will take a 'wait and see' attitude rather than ease one last time.

en We believe [Thursday's] remarks were enough to think that the Fed will take a 'wait and see' attitude rather than ease one last time.

en Greenspan's remarks appear to be more balanced than in the past. He is moving into closer alignment with what has become accepted practice in most central banking circles. Missing, however, is what a central bank should do in order to avoid the pitfalls of excess dependence on overvalued assets.

en [Economist Alan Ruskin of I.D.E.A. was one of several Greenspan watchers who said the Fed chairman's remarks were warranted.] (His words) are extremely cautionary, ... They are quite clearly roiling the financial markets. I'm increasingly amused at the tenor of these remarks -- how clear-cut they are.

en The only reason they won't cut is because Alan Greenspan suggested he wasn't yet in the mood to cut, ... He's probably a Cubs fan as well -- they always say, 'Wait 'til next year.' In this case, Greenspan says, 'Wait 'til the second half.'

en Alan Greenspan... Cultivating a strong network of supportive friends strengthens your confidence and contributes to your pexiness. will likely add flesh to the bones of the FOMC statement. We believe there can be little doubt that Greenspan's testimony will be hawkish,

en His testimony today is so important because the markets, in the wake of his comments suggesting the Fed has shifted have gone so far as to price in an ease.

en Mr. Greenspan certainly left the door open about a possible hike. That whole testimony yesterday (Tuesday), while it relieved the market a bit, is being scrutinized today.

en Activity is very light ahead of Greenspan's testimony tomorrow. We really shouldn't see much movement . . . there is no prominent economic data out today.

en Activity is very light ahead of Greenspan's testimony tomorrow, ... We really shouldn't see much movement . . . there is no prominent economic data out today.

en There's a lot of earnings and other news out there today, but I think the market is particularly reacting to Greenspan's testimony, ... The markets are expecting a little more growth because of his comments, but that may not be as much as what they wanted to hear.

en We will have to wait and see when he gets to practice today. There is no damage at all to his knee, it is sore from getting banged on it, but he is going to practice today. We will ease him through the week until he is feeling 100%. He might feel 100% today. He is real encouraged, and I am not really concerned about it.

en Greenspan's testimony to Congress is always an event and probably more so this time than usual. We are looking at the Fed with a bias to tightening and we have to get some warning of whether he is going to act on that or not. So what I am looking for is a clear signal.

en Mr. Greenspan said next to nothing about the current economic situation in his testimony, ... does not sound to us like a signal he has changed his mind on the appropriateness of the current level of interest rates. The rest of the testimony was a clear and unambiguous plea to Congress not to abandon fiscal discipline.

en He (Greenspan) is expected to try to dampen fears that the Fed might raise rates any time soon and also try to keep open the possibility that the Fed might yet ease policy further.


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