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United Press International: Greenspan: War threat dampens economy

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United Press International: Greenspan: War threat dampens economy
Topic: War on Terrorism 1:05 pm EST, Feb 11, 2003

] WASHINGTON, Feb. 11 (UPI) -- Federal Reserve Chairman
] Alan Greenspan cautioned Tuesday before the Senate
] Banking Committee that the threat of war in the Middle
] East continues to dampen economic growth.
] "The intensification of geopolitical risk, makes
] discerning the economic path ahead especially difficult,"
] he told the committee.
] He said: "If these uncertainties diminish considerably in
] the near term, we should be able to tell far better
] whether we are dealing with a business sector and an
] economy poised to grow more rapidly -- our more probable
] expectation-- or one that is still laboring under
] persisting strains and imbalances that have been
] misidentified as transitory."

"War dampens economy.. diaper sales are rising!"

United Press International: Greenspan: War threat dampens economy



 
 
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