Fed: Greenspan didn't suffer heart attack

Fed: Greenspan didn't suffer heart attack

THE ASSOCIATED PRESS

WASHINGTON -- The Federal Reserve knocked down a rumor swirling in financial markets Wednesday that chairman Alan Greenspan had suffered a 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.

More at the Seattle Post-Intelligencer

There was a thread early stating that a heart attack rumor caused the dollar to fall last night/this morning. Just wanted post this update that AFAIK hadn't been posted.

if our financial markets are hanging on the health of a bought and sold Chairman of the Fed, then there's something really wrong with the system.

Alan Pondscum has shown us recently that he is an indentured servant to the Bush Corporation. He held a flurry of speeches, all reiterating the same general notion that, "no, our gigantic, mind-boggling deficits are not a problem, no not at all" and "yes, the American family is doing fine; they've got some credit problems, but they're in good shape".

So now the man can't even die without the markets taking a dump. Maybe they're better off without him, and they just don't know it.

And the missus was late getting out of her meetings...