By early afternoon the committee is ready to vote. And while there is an occasional dissenting vote, Greenspan's position is the one that always prevails. But the rest of the world is still holding its breath, awaiting word of the decision. That role falls to the financial press and wire services, whose reporters gather in a room within the Treasury Department some six blocks away. And in a system that's been in place since 1994, copies of the statement are quickly made and distributed around the room.
Reporters rush to phone their editors with the news.
In a vast ripple effect, Wall Street will react, as will banks and other financial institutions around the world. But, for the day, at least, Greenspan and his colleagues have spoken. ABC News Internet Ventures. Internet Safety Information applicable to the site.