Greenspan usually refrains from saying anything market moving ahead of speeches before Congress,

Meryl Streep once testified famously before Congress, saying that she was there to represent the uninformed. Now, that sums it up pretty well when it comes to these celebrity issues.

We are all saying no blank check to China, ... We have to be very clear to (Congress) about how important their vote is going to be.

The question is -- and this is why the market hasn't reacted too negatively to the durable goods report -- is whether businesses ... will continue to spend given the risks to consumer spending posed by high energy prices.

If the Fed is to achieve its objective of slowing the economy, they must consider the risk that their inaction on rates could spur growth before the economy has had a chance to truly slow,

The Fed certainly recognizes the importance that the markets are placing on the housing market and could well use it as a means of sending strong signals.