{"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: WASHINGTON: GREENSPAN GIVES ECONOMY CLEAN BILL OF HEALTH' data-url='/boclips/videos/5c54c010d8eafeecae147ede' data-video-url='/boclips/videos/5c54c010d8eafeecae147ede' 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: WASHINGTON: GREENSPAN GIVES ECONOMY CLEAN BILL OF HEALTH\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/NatAlan Greenspan, the man who keeps his finger on the pulse of the U-S economy, sees a healthy patient.The U-S Federal Reserve Chairman testified before the congressional Joint Economic Committee on Wednesday, and had soothing...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEnglish/Nat\u003cbr/\u003eAlan Greenspan, the man who keeps his finger on the pulse of the U-S economy, sees a healthy patient.\u003cbr/\u003eThe U-S Federal Reserve Chairman testified before the congressional Joint Economic Committee on Wednesday, and had soothing words for bond and equities traders.\u003cbr/\u003eGreenspan said an interest rate rise may be needed if U-S demand doesn't slow, but implied there was no need to tighten policy just yet. \u003cbr/\u003eAmerica's chief economic watchdog says low inflation and low unemployment are continuing to help fuel a robust U-S economy.\u003cbr/\u003eFederal Reserve Board Chairman Alan Greenspan was on Capitol Hill on Wednesday to address the Joint Economic Committee of Congress.\u003cbr/\u003eGreenspan told them all clues point to a still-healthy U-S economy with no need to raise interest rates for now.\u003cbr/\u003eSOUNDBITE: (English) \u003cbr/\u003e\"Still a strong signal of inflation pressures, building because of compensation increases markedly in excess of productivity gains, has not yet clearly emerged in this expansion.\"\u003cbr/\u003eSUPER CAPTION: Alan Greenspan, Federal Reserve Board Chairman.\u003cbr/\u003eGreenspan's latest report is based partially on low inflation rates, fuelling what the Fed Chairman says is some of the most robust industrial productivity he's ever seen.\u003cbr/\u003eBut Wall Street was on the defensive on Wednesday nonetheless on word of weakness in global equities markets.\u003cbr/\u003eAsian stocks were sharply lower on new concerns about the stability of the Japanese yen.\u003cbr/\u003eThat prompted Greenspan to warn that Asia's problems could mean hard times for the U-S economy down the road.\u003cbr/\u003eSOUNDBITE: (English) \u003cbr/\u003e\"Earlier this year the situations in most of the Asian countries seemed to be stabilising in some respects. As the events of the past few weeks have demonstrated, the restoration of normally-functioning economies will not necessarily go smoothly.\"\u003cbr/\u003eSUPER CAPTION: Alan Greenspan, Federal Reserve Board Chairman.\u003cbr/\u003eAnd Greenspan says political pressures brought on by sharp economic decline in Asia further compound the problem for nervous Western economies.\u003cbr/\u003eSOUNDBITE: (English) \u003cbr/\u003e\"The heightened social and political pressures in such circumstances not only introduce added complications into economic policy making, but also make it even more difficult to foresee how the process of adjustment will play out across the afflicted economies. That the American economy would be affected to some degree by spillover from the problems in Asia was never in doubt.\" \u003cbr/\u003eSUPER CAPTION: Alan Greenspan, Federal Reserve Board Chairman.\u003cbr/\u003eGreenspan also expects the continuing drag of the financial tumult in Asia to slow the U-S economy in coming months, helping to further offset inflationary pressures.\u003cbr/\u003eFollowing Greenspan's comments, U-S stocks rebounded from a slow start in trading on Wednesday morning.\u003cbr/\u003eWashington, DC USA June 10, 1998 \u003cbr/\u003e1. Wide shot of joint session\u003cbr/\u003e2. SOUNDBITE: (English) Federal Reserve Chairman Alan Greenspan\u003cbr/\u003e3. Cutaway of listeners\u003cbr/\u003e4. Graphics\u003cbr/\u003e5. SOUNDBITE: (English) Greenspan\u003cbr/\u003e6. Cutaway listening shots\u003cbr/\u003e7. SOUNDBITE: (English) Greenspan\u003cbr/\u003e8. Cutaway media\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 class=\"fa-solid 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class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eDate\u003c/dt\u003e\n\u003cdd\u003e1998\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;grade_ids%5B%5D=259\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'\u003enorth america, prices, monetary policy, economy, business, inflation, asia, productivity\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'\u003ealan greenspan, rate, central banking, district of columbia, government business and finance, degree, financial services, united states, government and politics, economic policy, industries, banking and credit, united states government, government policy, federal reserve system\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 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