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Re: Humphrey-Hawkins February 2000

Alan,

You are looking at the Report.
You should look in Greenspan's testimony.

http://www.bog.frb.fed.us/boarddocs/hh/2000/february/testimony.htm

Henry

"Alan G. Isaac" wrote:

> Henry,
>
> I'm looking at
>   http://www.bog.frb.fed.us/boarddocs/hh/2000/february/fullreport.htm
> and I cannot find this quote. Where are you looking?
>
> Alan
>
> HenryC.K.Liu wrote:
>
> >  Humphrey-Hawkins Testimony - February 2000
> >
> > Highlights
> >
> > Greenspan: It would be imprudent, however, to presume that the business
> > cycle has been purged from market economies so long as human
> > expectations are subject to bouts of euphoria and disillusionment.
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