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October 27, 1999
Greenspan To Speak On Technology And The Economy
Filed at 1:28 p.m. EDT By Reuters
WASHINGTON (Reuters) - Federal Reserve Chairman Alan Greenspan is to speak on technology and the economy when he addresses the prestigious Business Council in Boca Raton, Fla., Thursday, a Fed spokesman said Wednesday.
Greenspan's topic suggests he will again deal with the issue of rising productivity with the economy now in its ninth year of unbroken expansion. The U.S. central bank chief's remarks, scheduled for 7:30 p.m. EDT come amid concerns the economy may not be slowing enough to head off more interest rate rises later in the year, and the remarks will be scrutinized for any warning signals.
Greenspan's address will come after Thursday morning's release of two closely watched economic indicators, the third quarter Employment Cost Index and the first estimate of third-quarter Gross Domestic Product that is expected to show a rebound in economic growth after a relatively slow second quarter.
Economists surveyed by Reuters have forecast third-quarter GDP will accelerate to a sizzling 4.7 percent annual rate of advance from the second quarter's 1.6 percent pace of growth.
The Business Council is made up of corporate chiefs from leading U.S. businesses representing the full range of industry and is a highly regarded forum that typically attracts top officials from government and politics to its semi-annual sessions.
-- silver ion (email@example.com), October 27, 1999
We will kneel downeth before thee, and kisseth thou feet your almighty highness, if you will spare us the damnation of an another interest rate hike! Please, please, we beg of you, allow the rich to get richer, and the DOW to reacheth that heavenly goal of 36,000. When it reacheth that divine level we will kneel before you again in worship, and beg thee to allow it to rise to 72,000, then 144,000!!
-- still waiting (firstname.lastname@example.org), October 27, 1999.