Fed's Greenspan on the economic outlook

In testimony 'Economic outlook' given on 3 November Alan Greenspan of the Federal Reserve said the U.S. economy has good momentum, but cautioned that the prospects for keeping inflation under control were more problematic.

"Structural productivity continues to grow at a firm pace, and rebuilding activity following the hurricanes should boost real GDP growth for a while," Greenspan said in prepared testimony to the congressional Joint Economic Committee.

"More uncertainty, however, surrounds the

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