While recent hurricanes have not had lasting macroeconomic impacts, Katrina may prove to be the exception.

The effect [of the hurricanes] on the supply side may be long-lasting and continue into 2006.

Greenspan's shift to a 'don't criticize what you don't understand mode' signals that the low level of long-term interest rates will, by themselves, not be a factor pushing the Fed towards more tightening.

Chairman Greenspan's testimony next Thursday is unlikely to shift his message to signal that a pause is imminent. He will probably maintain confidence that the underpinnings of the recovery are sound and that the adjustment in the manufacturing sector will not broaden.

Chairman Greenspan's testimony next Thursday is unlikely to shift his message to signal that a pause is imminent, ... He will probably maintain confidence that the underpinnings of the recovery are sound and that the adjustment in the manufacturing sector will not broaden.

Greenspan's shift to a 'don't criticize what you don't understand mode' signals that the low level of long-term interest rates will, by themselves, not be a factor pushing the Fed towards more tightening,