Tax-Cut Clues from Greenspan?

The Fed chairman probably won't endorse Bush's tax plan in Thurday's Senate testimony. But don't expect him to reject it

Fed Chairman Alan Greenspan will appear before the Senate Budget Committee tomorrow beginning at 10:00 EST to discuss "evolving fiscal challenges" with the panel. Though the markets will be on alert for possible monetary policy hints ahead of next Wednesday's meeting of the FOMC, the Federal Reserve's policymaking arm, the senators will be digging for his views on President Bush's $1.6 trillion tax cut package -- and the outlook on federal budget surpluses.

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