CNN gave little mention of Federal Reserve Chairman Alan Greenspan’s comments to the Congress’ Joint Economic Committee while Fox News’ article called it “his first extensive comment on the economy since February.” Fox paints a positive picture as noted with the headline of “Greenspan: US Economy 'On Reasonably Firm Ground'.” By contrast, CNN ran an article headlined “European shares fall pre-Greenspan” before Greenspan spoke and then “Greenspan lifts European stocks” later have he did speak. CNN’s only mention of what Greenspan said was the following:
Greenspan told Congress said he wasn't concerned that a serious slowdown was emerging from a recent soft patch in
Is CNN downplaying generally positive news about the
Is the glass half full for Fox? Look at these positive comments in Fox’s article:
Greenspan warned the congressional Joint Economic Committee about a possible housing bubble in some local markets but said the overall economy appeared healthy and would likely remain so.
Greenspan's generally upbeat assessment of the economy provided support for the view that the Fed, which has raised interest rates eight times over the past year, planned to continue nudging rates higher at a gradual pace.
"Despite some of the risks that I have highlighted, the
Links to the articles: