WASHINGTON (AP) … It long has been said that Federal Reserve Chairman Alan Greenspan is one of the most powerful men in Washington, able to move markets with a single statement. Just how much so was noted by senators Tuesday. When Greenspan began testifying before the Senate Banking Committee about the economic outlook for the nation, the Dow Jones Industrial Average was down 200 points, noted the committee chairman, Sen. Paul Sarbanes, D-Md. By the end of Greenspan's prepared testimony, the Dow had recovered somewhat and was down 132. Could he do more magic? "Mr. Chairman, can you let him continue his statement?" Sen. Richard Shelby, R-Ala., asked, to laughter in the room.<p>***The only thing sharper that Shelby's wit is AP's appreciation of it.***
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