{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='USA: FEDERAL RESERVE - MILLENIUM BUG THREAT LARGELY GONE' data-url='/boclips/videos/5c54bb85d8eafeecae125ad5' data-video-url='/boclips/videos/5c54bb85d8eafeecae125ad5' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nUSA: FEDERAL RESERVE - MILLENIUM BUG THREAT LARGELY GONE\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eEnglish/NatThe chairman of the U-S Federal Reserve says the threat of computer failures caused by the Year 2000 date change has largely gone - thanks to thousands of people around the country.But Alan Greenspan is still worried by one...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEnglish/Nat\u003cbr/\u003eThe chairman of the U-S Federal Reserve says the threat of computer failures caused by the Year 2000 date change has largely gone - thanks to thousands of people around the country.\u003cbr/\u003eBut Alan Greenspan is still worried by one remaining area of uncertainty - the reaction of American consumers to the end of the millennium.\u003cbr/\u003eHe is concerned that if businesses and consumers respond to their Y-2-K fears and start stockpiling money, food and fuel, the American economy could be buffeted.\u003cbr/\u003eAlan Greenspan on Friday said preparations made so far to counter the Y-2-K (Millennium) bug threat made him confident that U-S business would be ready for the New Year. \u003cbr/\u003eHis remarks came in a speech to Italian-American businessleaders at the National Italian American Foundation in Washington DC. \u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"The probability of a cascading of computer failures in mission critical systems is now negligible, given the testing that has been done, the backup plans that are in place and the greater adaptability and ingenuity of American workers.\"\u003cbr/\u003eSUPER CAPTION: Alan Greenspan, U.S. Federal Reserve Chairman\u003cbr/\u003eThe Federal Reserve chairman went on to praise those who had worked around the country to prevent any problems.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"We at the Federal Reserve are optimistic that computer problems associated with the century date change and the response to the CDC will not be a major event for our nation.  This is a testament to the extraordinary efforts of thousands of far sighted technicians and business planners, who confronted with an intangible and abstract problem have been able to convince businesses and governments to marshals vast resources for remedial actions.\"\u003cbr/\u003eSUPER CAPTION: Alan Greenspan, U.S. Federal Reserve Chairman\u003cbr/\u003eBut Greenspan warned he was still concerned about the potential for economic problems if businesses and consumers altered their buying patterns in significant ways.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"The potentially most important piece in the Y2K puzzle for the rest of the year is the uncertain response of the American consumer as the year end approaches.  A small number of households, driven by fear of the unknown tell pollsters that they are planning to build large stockpiles of food, water, fuel and cash as the millennium approaches.  Most, however, profess much more limited plans.  Nonetheless we at the Federal Reserve must be prepared for all contingencies and have made special plans for currency availability in the remote possibility of heavy withdrawals from banks.\" \u003cbr/\u003eSUPER CAPTION: Alan Greenspan, U.S. Federal Reserve Chairman \u003cbr/\u003eFor this reason, Greenspan said it was important for authorities to get out the most up-to-date reliable information so that business and consumers could make their economic judgements based on facts - not rumours.\u003cbr/\u003eGreenspan in previous speeches had voiced concerns about production bottlenecks leading to inflation pressures if a large number of businesses felt the need to have sizeable inventories on hand at the end of the year.\u003cbr/\u003eXFA        Washington, DC, USA  October 15 1999 \u003cbr/\u003e1. Federal Reserve Chairman shaking hands with President of NYSE Dick Grasso\u003cbr/\u003e2. Greenspan at table\u003cbr/\u003e3. Room\u003cbr/\u003e4. Grasso introducing Greenspan\u003cbr/\u003e5. SOUNDBITE (English) Alan Greenspan, U.S. Federal Reserve Chairman\u003cbr/\u003e6. Wide view\u003cbr/\u003e7. SOUNDBITE (English) Alan Greenspan, U.S. Federal Reserve Chairman\u003cbr/\u003e8. Cutaway cameraman\u003cbr/\u003e9. SOUNDBITE (English) Alan Greenspan, U.S. Federal Reserve Chairman\u003cbr/\u003e10. Pan view as audience applauds\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci 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class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eDate\u003c/dt\u003e\n\u003cdd\u003e1999\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003ci aria-hidden='true' class='fai fa-solid fa-language'\u003e\u003c/i\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eAudiences\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?audience_ids%5B%5D=371079\u0026amp;keywords=biology+human+systems\u0026amp;page=16\u0026amp;search_tab_id=1\"\u003eFor Teacher Use\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\u003cdd class=\"text-muted\"\u003e\u003ci class=\"fa-solid fa-lock mr5\"\u003e\u003c/i\u003e2 more...\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='concepts-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='concepts-heading'\u003eConcepts\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list concepts' data-identifier='Boclips::VideoDecorator' data-type='concepts'\u003ebusiness, economy, north america\u003c/div\u003e\n\u003cdiv class='concepts-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='additional-tags-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='additional-tags-heading'\u003eAdditional Tags\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list keyterms' data-identifier='Boclips::VideoDecorator' data-type='keyterms'\u003erichard grasso, financial services, industries, central banking, chairman, alan greenspan, response, federal reserve system, nation, federal reserve, banking and credit, united states government, approaches, united states, government and politics, year\u003c/div\u003e\n\u003cdiv class='keyterms-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up 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