Greenspan Sees Uncertainty in U.S. Inflation Outlook

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00001425-greenspan-sees-uncertainty-in-us-inflatio/

By Glenn Somerville, Reuters

The U.S. economy has weathered the blow from recent devastating hurricanes and still has good momentum, Federal Reserve Chairman Alan Greenspan said on Tuesday, though inflation risks are a worry.

“The economic fundamentals remain firm, and the U.S. economy appears to retain important forward momentum,” Greenspan told the congressional Joint Economic Committee.

“Structural productivity continues to grow at a firm pace, and rebuilding activity following the hurricanes should boost real GDP growth for a while,” he said. “More uncertainty, however, surrounds the outlook for inflation.”

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Greenspan Sees Uncertainty in U.S. Inflation Outlook

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