Fed chief Greenspan hints end near for low rates

Fed Chairman Alan Greenspan suggested on 6 November that the end may be in sight for very low interest rates. Greenspan gave an optimistic assessment of the US economy's prospects for strong growth and appeared to depart from the FOMC's commitment to retain a policy of cheap money "for a considerable period".

Source: New York Times

Alan Greenspan, the Federal Reserve chairman, offered a first hint Thursday that the era of rock-bottom interest rates may be slowly drawing to a close.


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