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Greenspan Says Economy Not So Bad, Right Now

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Federal Reserve chairman Alan Greenspan testified before the joint economic committee of Congress today and gave reassuring word that the economy, while somewhat soft in the first quarter, continues to remain strong overall.

Greenspan Says Economy Not So Bad' />
The remarks first focused on the overall look of the economy and the second half focused on long-term lending rates and in turn the housing market. He said that the stops and start of the economy are tied to petroleum prices.

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