Cheap money and big risks

ARTICLE - Those who still hang on Alan Greenspan's every word should have little difficulty predicting the direction of US interest rates: the next change will be up, writes the FT in London on Thursday in an editorial.

The chairman of the Federal Reserve told the Senate banking committee on Tuesday that the economy would grow by at least 3? per cent this year and even faster in 2003. In his characteristically Delphic way he seemed to accept a weaker dollar, making no attempt to suggest its

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