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The Chronicle Telegram in Elyria, Ohio

01 Feb 2006

Page 16

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Feb 01, 2006

Page

16

Greenspan exits as Fed raises rates to five-year high

The Federal Reserve boosted the federal funds rate by a quarter point to 4.50 percent in Greenspan’s final policy meeting. Ben Bernanke cleared for chairmanship after Senate approval, to be sworn in Wednesday at the Fed headquarters. Greenspan, 28 years at the helm, passes a steady economy but warns of housing, foreign investment, and energy challenges ahead.

MENTIONED IN THIS ARTICLE

United States Greenspan Fed San Francisco Gaogle Inc Mountain View Cali Google Seat Financial Thomson Financial Dow NYSE Composter Wats STON Marine Marne Last Harne CBC Pathe Bat lArchDan lArchDan S150 4275 196) At 17 Kad At Ant 416 |Arbeross MaryNel Ae HarieHnk LamSessa rGhobeTeln Sey Swan Mast ISP Enay SPGG Asco Ilia Taam Diany lAavancard Ate Lesdam Napster Adam Isla Neah NASA Norason Neal IEMC PayOne NY Fenain Gan Sigg Ned Wis Vain Nase Ned Wellton NY Lea HY Foe Tao Wendy Wy Lesa NASA Erin Rasan Canada Japan Mexico Ion Ana Ering Gmins Vanguard ICAA Aon Isha Gard Fidelty Capieres Fund Feat Funds A Bala Fay Et Beda Tc Napa Vanes Raest ALE Palace OIA
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Senate confirms Ben Bernanke as Fed chief

The Senate approved Ben Bernanke to be the next chairman of the Federal Reserve, succeeding Alan Greenspan who retires after 18 years. Bernanke, a former Fed governor and Princeton economist, faces confirmation questions about independence and will be sworn in before leading policy on interest rates shaping markets worldwide.

MENTIONED IN THIS ARTICLE

Washington The Senate Ben Bernanke Federal Reserve Paerniake Alan Jim. Bunning Bunning Bernanke Greenspan Fed Princeton
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Enron defense argues no crime by Lay and Skilling

In Houston, lawyers for former Enron chiefs Kenneth Lay and Jeffrey Skilling argued they were not guilty and that Enron faced a sudden market confidence crisis, while prosecutors depicted a company built on lies to hide collapsing finances. The trial opened before eight women and four men jurors, with potential four-month proceedings.

MENTIONED IN THIS ARTICLE

Houston Bnron Corp Kerneth Lay Jeffrey Skilling Staud Lay Skilling Michael Ramsey Petrocelli Enron John Huteston Hueston U.S. Justice Department Anran Thei
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Avon Lake UAW Workers Called Back To Plant Duties

UAW Local 2000 unit leaders say about 900 to 1,000 workers in the GEN pen at Ohio Assembly were placed on a paid on call pool as the plant neared full capacity after consolidating with the Lovalin Assembly. Donovan notes workers drift in and out weekly and that the on call pool covers needed tasks and community service.

MENTIONED IN THIS ARTICLE

Donovan TuyesMay Fie
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Also Mentioned on This Page

Alan Greenspan Central Bank Greenspin Soungr Federal Reeve Board Asher Keanig New York Stock Exchange Anneiher Rata Jeannine Aversa Ural Wall Street Ennbling Finstieos Daniel Petrocelli Enreg UAW Ohio Assembly Anne Marie Gattari Food New York Conference Board Howeve Gulf Coast Labor Department Falre Dow Jones Industrials
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