Comment: Greenspan's parting shot

Alan Greenspan yesterday delivered his final Congressional testimony. Apart from an unsurprising, cautiously optimistic message on the short-run prospects for the U.S. economy, his parting shot came in the form of a stern warning to Congress that it needed to urgently address the country's fiscal problems.


On the cyclical front, Greenspan argued that while "uncertainty surrounded the outlook for inflation", economic fundamentals "remain firm" and longer-term prospects

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