Federal Reserve Chairman Alan Greenspan generally gets accolades for his public pronouncements. Yesterday he got a brickbat from Senate Minority Leader Harry M. Reid (D-Nev.), who blasted Greenspan as "one of the biggest political hacks we have here in Washington."Brilliant!
Then, Rep. Rahm Emanuel (D-Ill.), trying to defend Reid's statement said:
"There's a moat around the Fed that says he doesn't get involved in political discussions," Emanuel said. "He took the moat down."The Chairman regularly appears before Congress, is forced to endure endless grandstanding by congressmen who seem to have a life's ambition to coerce a political statement from Greenspan, and then he's damned if he expresses one. Some moat.