GREENSPAN SAYS

	GREENSPAN SEES NO REASON RATE HIKES CAN'T BE MEASURED   2004-06-08 22:25

	格林斯潘：美联储预计生产力增长将在未来几个月内继续 格林斯潘：美国经济仍按高于3%的增长率发展

	2004-06-08 22:30 格老不认为联储局不可能循序渐进地加息 格林斯潘：美联储将对预算赤字对经济造成的影响做出回应 格林斯潘：预算缺口对货币政策短期影响看似良性 格林斯潘：美国经济仍按高于3%的增长率发展 格林斯潘：美联储预计生产力增长将在未来几个月内继续 [ Last edited by macdonald0618 on 2004-6-8 at 10:39 PM ]

	2004-06-08 22:32 WASHINGTON (AFX) -- Federal Reserve rate hikes are likely to be measured, but the central bank is "prepared to do what is required" to fight inflation, Fed board chairman Alan Greenspan said Tuesday. The FOMC statement at their last meeting in May said that Fed rate hikes would be measured. "That conclusion is based on our current judgment of how economic and financial forces will evolve in the months and quarters ahead," Greenspan said in a speech prepared for delivery via satellite to the International Monetary Conference in London. "Should that judgment prove misplaced, however, the FOMC is prepared to do what is required to fulfill our obligations to achieve the maintenance of price stability so as to ensure maximum sustainable economic growth," he said. Businesses are becoming more confident about the economy and are now hiring "with some vigor," Greenspan said. At the same time, many new hires are temporary workers, an indication that "business caution remains a feature of the economic landscape," he said. Recent financial indicators, including rapid money growth, "underscore that the FOMC has provided ample liquidity to the financial system that will become increasingly unnecessary over time," he said. Financial markets appear prepared for higher interest rates, unlike 1994, Greenspan said, "though history cautions that investors' anticipations of the cumulative magnitude of policy actions and their timing under such circumstances are far from perfect. " U.S. treasury prices turned lower after Greenspan's comments. The benchmark 10-year note declined 9/32 to 99 19/32, while its yield rose to 4.80 percent from Monday's close of 4.77 percent. Greenspan said that there has been a return of pricing power to businesses and the threat of deflation has ended. Core consumer inflation, as measured by the personal consumption expenditures index, has increased, Greenspan noted. The core PCE is up 1.4 percent over the last year ended in May, compared with a 0.8 percent annual increase in December of last year. But he said cost pressures have been "relatively subdued." The rise of energy prices is a "worrisome element" that has been a net drain on the economy and could boost inflation if the high price level persists. "The recent modest declines in oil and natural gas prices may or may not signal a trend but are nonetheless welcome," Greenspan said.

	*GREENSPAN - U.S. BUDGET DEFICIT 'REASONABLY BENEVOLENT'   2004-06-08 22:40

	格老称美预算赤字相当温和   2004-06-08 22:46

	綜合華盛頓外電．6月8日 2004 / 06 / 08 星期二 22:40   聯邦準備理事會(Fed)主席葛林斯潘說，Fed調高利率行動可能是漸進方式，但是為了對抗通貨膨脹，央行也已準備好應該採取的行動。 聯邦公開市場委員會(FOMC)於5月會議中的聲明中表示，Fed調高利率將是漸進式的。 葛林斯潘透過衛星，向倫敦國際金融會議發表演說時表示：「這項結論係根據我們對經濟與金融狀況在未來幾個月及未來幾季可能的發展，所作的判斷。」 他說：「萬一這項判斷有誤，FOMC也已準備好，採取必要的行動，維持物價穩定，確保經濟在最大的範圍內，持續成長。」 葛林斯潘還說：「企業界對經濟已更有信心，現在正積極徵人。」 近來的金融指標，包括貨幣供給成長，突顯FOMC已經注入足夠的流動資金進入金融體系。金融市場似乎對調高利率已有所準備，這點與1994年不同。 葛林斯潘說企業界已經重獲議價能力，通貨緊縮的威脅也已結束。成本壓力則是相對偏低。 能源價格上漲是讓人擔憂的因素，近來也是經濟的拖累，如果高價格水準持續，可能會推高通貨膨脹。

	22:46    **葛林斯潘表示 經濟成長將在近期縮小美財政赤字

	斯诺称美经济复苏步伐显着   2004-06-08 22:59 纽约 (AFX) - 美国财长斯诺称, 美国经济复苏步伐显着, 过去三个季度的GDP平均按年增长5.6%, 乃20多年来最出色的经济增长表现。 斯诺相信, 美国总统布殊所提出减税措施, 加上良好的货币政策, 促使美国经济实现惊人的复苏与增长情势。 他说, 油价上涨对美国带来新的挑战, 而他再度呼吁美国国会迅速通过布殊所提出的一项能源议案, 以减低美国对中东石油出口的依赖。