WASHINGTON - Federal Reserve Chairman Alan Greenspan proved once again that he is the master of obfuscation when it comes to telling anybody where interest rates are headed.

Mr. Greenspan's speech last week to the Economic Club of New York, an elite audience of academics and Wall Street traders, left everyone guessing about what the Fed is up to.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.