<<The reports should be treated with great caution - if Greenspan's view on Tuesday differed significantly from the market's assessment of it only a week earlier when he was still chairman, it would imply either an implausibly dramatic change of mind in only a few days, or one of the most spectacular failures of communication in the history of central banking.>> with great caution indeed. Fed Moskew came out today and said threat of inflation shows need for more rate hiking.
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