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To: Lucretius who wrote (10466)2/17/2000 10:12:00 AM
From: clochard  Read Replies (2) | Respond to of 42523
 
Another quarter point?

Thursday February 17, 10:02 am Eastern Time
(Note: this article is ''in progress''; there will likely be an update soon.)

US rates may have to rise substantially-Greenspan
WASHINGTON, Feb 17 (Reuters) - Federal Reserve Chairman Alan Greenspan said on Thursday U.S. interest rates may have to rise substantially to prevent the booming U.S. economy from overheating.

In key testimony to U.S. lawmakers, Greenspan said cooling domestic demand -- fired up by outsized increases in the stock market -- now was more pressing than before as mounting economic imbalances threatened the record-breaking expansion.