Employment Growth Soon
None
Federal Reserve Chairman Alan Greenspan had some positive things to say about the economy in a speech this morning to the Securities Industry Association. He appears pretty optimistic about the growth in the economy and how low inventories will lead to increase employment.I personally think that the Federal Reserve made a mistake back in November 2000 by not lowering the short-term interest rate. I believe this was because the Presidental election recount was a distraction. Had they lower the rate early enough the recession would have been much shorter.