KYRA PHILLIPS, CNN ANCHOR: When he speaks, people listen, so you can expect an attentive audience when Federal Reserve Chairman Alan Greenspan appears before the Senate Banking Committee, this morning. Correspondent Bill Dorman is here to talk about who will be listening to Greenspan's testimony and what reaction financial markets might have to talk about the raising interest rates. Good morning.</s>BILL DORMAN, CNN CORRESPONDENT: Good morning, Kyra. Well, Alan Greenspan is set to deliver the message that higher interest rates are coming, and certainly financial markets are going to be among the very interested parties, this morning. He's going to be talking to the Senate Banking Committee, as you mentioned, and in his prepared remarks they're going to be the same that he delivered to the House Banking Committee just last week. Those shook up financial markets last week when the markets figured out that Greenspan is going to be very aggressive in terms of raising interest rates, so we can expect raising interest rates to continue for quite some time. Now, the thing the markets are going to be watching today is the question and answer session following his prepared remarks. This is a wide-open topic; it's just the topic of the state of the U.S. economy. So, lawmakers have a pretty broad range of issues that they can address, and we can expect to have the markets be hanging on pretty much every word that Greenspan says in response -- Kyra.</s>PHILLIPS: All right, we'll look forward to that.
Markets Listen When Greenspan Delivers Testimony Before Senate Banking Committee