ADVISORY/Greenspan Cautious About Nation's Prosperity.Business Editors ADVISORY... --(BUSINESS WIRE)--Jan. 14, 2000 TOPIC: Federal Reserve Chairman Alan Greenspan Alan Greenspan Dr. Greenspan is Chairman of the Board of Governors of the Federal Reserve System. Dr. Greenspan also serves as Chairman of the Federal Open Market Committee (FOMC), the Fed's principal monetary policymaking body. recently said although the U.S. economy is doing well, growing imbalances could threaten its continued expansion, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the AP. In a largely optimistic statement, Greenspan pointed out that next month will mark the longest economic expansion in U.S. history. However, Greenspan reiterated his concerns about inflation resulting from strong consumer demand and a tight labor market labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience , and expressed concern that stock prices potentially could plummet without warning. While Greenspan did not specifically address interest rates, many analysts expect that the Fed will raise rates when it meets again on Feb. 1-2. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: William Stevens is senior portfolio manager, Montgomery Asset Management. He can provide insight into the Federal Reserve and interest rate directions. 415/248-6172 pgreenley@montgomeryasset.com Alex P. Beuzelin, market analyst for Ruesch International is an expert on Federal Reserve actions and the economy. 800/424-2923 beuzelina@dc.ruesch.com taylorj@dc.ruesch.com Robert MacIntosh is chief economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the , Eaton Vance Eaton Vance is an American financial services company headquartered in Boston, MA. It is traded on the New York Stock Exchange under the symbol EV.[1] At the end of the second quarter of the 2006 fiscal year, the company had assets under management of $118.8 billion. Management and is an expert on interest rates. 617/598-8143 rmacintosh@eatonvance.com Professor James A. Wilcox of the University of California, Berkeley The University of California, Berkeley is a public research university located in Berkeley, California, United States. Commonly referred to as UC Berkeley, Berkeley and Cal , studies economic policy and forecasting. He is an expert in banking, financial markets and institutions and macroeconomics macroeconomics Study of the entire economy in terms of the total amount of goods and services produced, total income earned, level of employment of productive resources, and general behaviour of prices. . 510/642-2455 510/642-6000 Professor Gregory Hess of the Department of Economics at Oberlin College can comment on central bank behavior, and has worked as an economist at the Federal Reserve Board. 440/775-8592 ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue. ExpertSource, a collaboration of Business Wire and The Round Table Group, provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at the above web address. Business Wire's Media Resource Center provides working journalists many free media services. Please visit the BW Media Resource Center at (www.businesswire.com/media) for more information. |
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