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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: gregor_us who wrote (4740)4/20/2004 3:53:24 PM
From: Robert Douglas  Read Replies (2) of 116555
 
Greenspan: Deflation no longer a threat By Rex Nutting
WASHINGTON (CBS.MW) -- Threats of deflation in the United States "are no longer an issue" now that "pricing power is gradually being restored," Federal Reserve Chairman Alan Greenspan said Tuesday in brief remarks on the economy during testimony on bank regulation. The U.S. economy is "picking back up" after a slow spot in the first quarter, he said. "Clearly it's a change that has occurred in the last number of weeks ... a change that's long overdue and most welcome," Greenspan said. "It's more anecdotal than it is statistical at this point, but the anecdotes are fairly convincing."
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