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Federal Reserve Chairman Alan Greenspan told Congress on Wedne
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stanley cup uk t.Greenspan, delivering the Fed s twice-a-year economic outlook to lawmakers, struck a fairly positive tone about the economy, which had been mired in a mid-year lull last year and has since improved. All told, the economy seems to have entered 2005 expanding at a reasonably good pace, with inflation and inflation expectations well-anchored, Greenspan said in prepared testimony before the Senate Banking Committee.How inflation fares in the coming months, however, will shape whether Fed policy-makers mdash; now on a gradual path of raising short-term interest mdash; will need to adjust the speed of the campaign by either speeding up or slowing
stanley cup down, Greenspan indicated.One factor to keep an eye on is whether companies mdash; amid slowing productivity growth mdash; boost workers salaries and then pass along those higher costs onto customers, the Fed chief said. Going forward, the implications for inflation will be influenced by the extent and persistence of any slowdown in productivity, Greenspan said.The inflation outlook also will be shaped by the direction of oil prices and the value of the dollar, which has been falling over the last few years.Federal Reserve policy-makers embarked on a rate-raising c Fxgq We Rank Every Insane Moment in Dancing with the Stars Disney Special!
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