Greenspan talk lifts markets - John Berry

Financial markets rallied strongly yesterday after Federal Reserve Chairman Alan Greenspan acknowledged that US economic growth has slowed "appreciably," convincing many investors that the central bank will begin to cut short-term interest rates if growth slows too much, writes John M. Berry at the Washington Post.

Greenspan, speaking at a bankers conference in New York, cautioned that at a time of slower growth, events such as sliding stock prices or another big jump in oil prices could cause

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