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Article: The Charlotte Observer, N.C., The New Economy Column.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 6, 1999
- Author:
CopyrightCOPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Knight Ridder/Tribune Business News
Jun. 7 -- TRADE BARRIERS ULTIMATELY HURT MORE THAN HELP: The stock market was falling last week, bedeviled by the specter of higher interest rates, when Fed Chairman Alan Greenspan arrived in Boston, the cradle of liberty, to give a speech.
When Greenspan focused on one of his favorite themes, international trade, Wall Street was frustrated. No talk of irrational exuberance, no musings of inflation, no sense of whether Fed policymakers will make it harder to meet earnings projections when they gather late this month. Nada.
But the Street had it wrong. Greenspan was talking about what matters.
"The ...