Friday, August 26, 2005

Greenspan looks beyond his FRS days

FRS Chairman Alan Greenspan warns that increased protectionism in trade and growing budget deficits made him uneasy about long-term economic prospects for the U. S. Other concerns expressed by the bank boss were long-term Social Security solvency and the eventual end of low interest rates. He did that the U. S. economy had handled the run-up in petroleum prices reasonably well so far.


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