Alan Greenspan, chairman of the Federal Reserve, thinks domestic demand is slowing to a rate more in...
Alan Greenspan, chairman of the Federal Reserve, thinks domestic demand is slowing to a rate more in line with the economy's potential supply; that the tapering off of consumer purchases of durable goods may be for real; and that the reduced growth in output is being matched by a concomitant reduction in hours worked, leaving strong productivity growth intact. But he isn't sure. Still, if the temperate growth of the second quarter turns out to be a taste of things to come, the Fed's work may very well be done, the Fed chief implied last week in Senate testimony, and to the applause of fin...
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