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Greenspan hints at higher rates

Mr Greenspan wants sustainable economic growth Federal Reserve chairman Alan Greenspan has said the US economy is continuing to grow in 2005, and hinted that the Fed would continue to raise rates.

He told the US Congress that the economy “seems to be on a reasonably firm footing, while underlying inflation remains contained”.

But he warned that rapidly-rising house prices, linked to speculation, could add to inflationary pressures.

[Full Article]

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