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The U.S. economy is flashing signs of hope and danger, Federal Reserve chairman Alan Greenspan told a Senate committee Tuesday.CBS News Correspondent Bob Fuss reports the Fed head, delivering remarks similar to those he offered to a House panel last week, said that another interest rate cut is possible. The Fed has cut interest rates six times this year in an effort to revive spending and growth.As positives, Greenspan
stanley canada noted a drop in energy prices, the high value of real estate and the tax rebates giving consumers more money to spend. He noted economic indicators had turned from persistently negative to more mixed 151; a positive development.The Fed chief said the breach of consumer confidence that he expressed concern about at the beginning of the year had not occurred.Click here to track the markets reaction.But he warned there were still
stanley cup considerable risks to the U.S. economy, including layoffs and the loss of value in the stock market, which now contributes a great deal to Americans wealth. The period of sub-par economic performance, however, is not yet over, and we are not free o
kubki stanley f the risk that economic weakness will be greater than currently anticipated, and require further policy response, Greenspan reiterated in his prepared remarks, part of his twice-yearly economic report card That weakness could arise from softer demand abroad as well as from domestic developments, he said. But we need also to be aware that our front-loaded policy actions this yea Qyhe Every City Deserves Space Murals This Gorgeous
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