Ian Shepherdson Testimony Quotations

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.

This testimony did not give the impression that he is in a great hurry to cut rates immediately.

This is as upbeat a testimony as could reasonably have been hoped for.