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Greenspan Worries About Economic Health
Friday August 26, 1:03 pm ET
By Jeannine Aversa, AP Economics Writer
Federal Reserve Chairman Greenspan Raises Concerns About Long-Term Health of U.S. Economy
JACKSON, Wyo. (AP) -- Creeping trade protectionism and bloated budget deficits pose a risk to the United States' long-term economic vitality, Federal Reserve Chairman Alan Greenspan warned Friday.
"Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks," the Fed chief said in a speech to an economic conference here, sponsored by the Federal Reserve Bank of Kansas City.
http://biz.yahoo.com/ap/050826/greenspan.html?.v=9
Don't know how long that link will be valid.
Friday August 26, 1:03 pm ET
By Jeannine Aversa, AP Economics Writer
Federal Reserve Chairman Greenspan Raises Concerns About Long-Term Health of U.S. Economy
JACKSON, Wyo. (AP) -- Creeping trade protectionism and bloated budget deficits pose a risk to the United States' long-term economic vitality, Federal Reserve Chairman Alan Greenspan warned Friday.
"Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks," the Fed chief said in a speech to an economic conference here, sponsored by the Federal Reserve Bank of Kansas City.
http://biz.yahoo.com/ap/050826/greenspan.html?.v=9
Don't know how long that link will be valid.