Greenspan testimony questions stimulus for economy

Federal Reserve Chairman Alan Greenspan said on Tuesday that uncertainties over a possible war with Iraq posed "formidable barriers" to business spending and made it tough to gauge the U.S. economy's health.

In remarks that seemed to strike at Bush administration plans for a $695 billion package of tax cuts, Greenspan urged budget discipline and said until what ailed the economy was clearer, it was "premature" to prescribe fiscal stimulus.

"The heightening of geopolitical tensions has only added

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.