Tuesday, October 11, 2005
Federal Reserve chairman Alan Greenspan can switch into the fast lane. No, don't think a 50 basis points rate hike is in the making for the next FOMC meeting.
The Luxist, a blog obsessively covering luxury products reports that he has recently won a Porsche Boxster at a charity auction. The New York Postsuggested he keep the car in order to get a better understanding on the impact of non-core inflation on people's lives. Government officials are not supposed to accept gifts over $25. Greenspan last drove a car himself in 1987.