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Onion: Greenspan Comes Out Of Retirement For One More Interest Rate Hike

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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-25-07 06:18 AM
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Onion: Greenspan Comes Out Of Retirement For One More Interest Rate Hike
http://www.theonion.com/content/news_briefs/greenspan_comes_out_of?utm_source=onion_rss_daily


The Onion: Greenspan Comes Out Of Retirement For One More Interest Rate Hike
June 25, 2007 | Issue 43•26


Greenspan Comes Out Of Retirement For One More Interest Rate Hike
WASHINGTON, DC—Confirming a rumor that first appeared in March on the FDIC Fan Forum message board, former Federal Reserve chairman Alan Greenspan came out of retirement Tuesday to raise interest rates on federal funds by a quarter of a point.

"You may remember this one from 1989," said Greenspan, barely audible above the roar of an estimated crowd of 20,000 gathered in front of the Marriner S. Eccles Building. "But before I start, I think I'm gonna need Ben 's help with this. C'mon up here, Ben."

Greenspan refused to comment on buzz that he was planning a five-nation comeback tour to stabilize international housing markets.

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