posted on Mar, 31 2004 @ 11:47 AM
they are completely denying that Greenspan had a heart attack.
Federal Reserve Denies Greenspan Suffered Heart Attack
"There is no truth to the rumor. The chairman is fine," said Michelle Smith, spokeswoman for the Federal Reserve.
Greenspan, who recently turned 78, has been chief of the Federal Reserve since August 1987. He is often described as the second-most important person
in Washington because his comments can move financial markets and because of his lead role in setting interest rate policy in the United States, the
world's largest economy.
Rumors that Greenspan was having health problems were circulating on Wall Street even before the stock market opened, but the gossip did not appear to
have a major impact on trading.
Stocks did move lower shortly after 10 a.m., as the first media reports about the rumor surfaced, but the selling was more likely motivated by a
disappointing economic report that tracks manufacturing activity in the Midwest region, said Brian Pears, head equity trader at Victory Capital
Management in Cleveland.
Last Friday, Greenspan had missed delivering remarks to a monetary conference because he had a cold, but he still worked from home.