Greenspan Will Stay Course on Interest Rate Hikes

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00018269-greenspan-will-stay-course-on-interest-ra/

Federal Reserve chairman Alan Greenspan yesterday reaffirmed what a growing body of data has made clear: Last spring’s soft patch is long gone, as the economy has picked up steam.

The Fed chief told the House Financial Services Committee that despite high energy costs and other concerns, economic growth is on a “firm footing” while inflation remains in check. But the central bank will continue to raise short-term interest rates to keep things that way, he said.

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Greenspan Will Stay Course on Interest Rate Hikes

Unknown Author

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