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To: TechMkt who wrote (137316)	7/22/1999 11:24:00 AM
From: Mohan Marette	Respond to of 176387

Greenspan says Fed to hold line on U.S. inflation WASHINGTON, July 22 (Reuters) - Federal Reserve Chairman Alan Greenspan said on Thursday the U.S. central bank will be extremely careful not to allow a possible pick-up in prices and wages that might threaten the nation's economic boom. In key testimony to U.S. lawmakers, Greenspan pledged the Fed would act ''promptly and forcefully'' if it saw evidence of rising inflation. Still, he cautioned that the central bank was not committed to any imminent increases in U.S. interest rates and noted prices had so far been remarkably well-behaved. (Note: this article is ''in progress''; there will likely be an update soon.)