Ferguson - global economy robust on anti-terrorism

US - The global economy won't feel any impact from the increased cost of security and disaster-planning needed in the wake of the September 11 terrorist attacks, said Roger Ferguson, vice chairman of the Federal Reserve board.

Asked at a conference if there would be much impact from the higher security costs, Ferguson replied: "the probability that this (spending) will have an impact is pretty low."

Ferguson said the process "has been expensive for some businesses but not expensive for others."

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