In a widely anticipated utterance, Federal Reserve chairman Alan Greenspan told Congress that US economic growth has slowed sufficiently and inflation remains under tight enough rein that there is no need now for higher interest rates. He also promised the Fed would take rapid action to respond to an upward push in prices.
Greenspan's Call...
In a widely anticipated utterance, Federal Reserve chairman Alan Greenspan told Congress that US economic growth has slowed sufficiently and inflation remains under tight enough rein that there is no need now for higher interest rates. He also promised the Fed would take rapid action to respond to an upward push in prices.
