Greenspan Sounds Comforting Note

Summary


FEDERAL Reserve chairman Alan Greenspan said yesterday the US economy entered 2005 in good shape but warned that fiscal discipline was essential to meet future challenges.

"All told, the economy seems to have entered 2005 expanding at a reasonably good pace, with inflation and inflation expectations well- anchored," the 78-year-old Fed chairman, whose term expires on 31 January, told the Senate Banking Committee.

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Greenspan Sounds Comforting Note

He gave no direct hint on the direction of monetary po...

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