CBS Evening News - 2000-02-17
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Read a transcript preview of “CBS Evening News - 2000-02-17” from malgent, uploaded on 2024-07-10.
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Language: English (YouTube automatic captions)
[0:00] [Music]
[0:02] your pocketbook in the US economy Alan
[0:04] Greenspan outlines where he thinks the
[0:06] economy is and where it may be going and
[0:09] warns of a possible downside fears among
[0:12] the bush team that their firewall in
[0:14] South Carolina could become a domino and
[0:18] the high price Los Angeles is having to
[0:20] pay for police
[0:24] corruption this is the CBS Evening
[0:28] News with Dan weather reporting from CBS
[0:31] News headquarters in New
[0:33] York good evening Federal Reserve
[0:36] chairman alen Greenspan gave another
[0:38] glowing report today on the overall
[0:40] health of the US economy but it came
[0:43] with renewed cautionary notes about the
[0:45] dangers of inflation and a hint of how a
[0:48] new fed action will come to prevent
[0:51] inflation read that more higher interest
[0:54] rates Greenspan predicts economic growth
[0:56] this year just under 4% very good
[0:59] unemploy employment around 4% again good
[1:02] and inflation not more than 2% very good
[1:05] but as cbs's John Roberts reports greens
[1:07] span warned that the strong consumer
[1:10] spending that is fueling the economy
[1:12] could cause it to
[1:15] overheat the chairman of the Federal
[1:17] Reserve was anything but Reserve today
[1:20] describing the economy as unprecedented
[1:22] remarkable so remarkable that his best
[1:24] efforts to cool it down have had little
[1:26] effect there is little evidence that the
[1:29] American economy which grew more than 4%
[1:31] in
[1:32] 1999 is slowing appreciably in fact even
[1:36] as Greenspan tried to rate it in with a
[1:38] series of interest rate hikes beginning
[1:39] last June the economy continued to grow
[1:42] driven by a soaring stock market low
[1:44] unemployment and gains in pr