Greenspan says US economic recovery may be weak

US - Federal Reserve Chairman Alan Greenspan said the U.S. economic rebound this year is likely to be slightly weaker than Wall Street expects because the recovery may be restrained by a lack of consumer demand, industrial overcapacity and skittish U.S. financial markets.

Delivering a twice-yearly report on monetary policy to Congress, Mr. Greenspan moved to damp speculation in financial markets that the economic recovery might prompt the Fed to start raising interest rates as early as June.

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