USA: NO NEW INTEREST RATE RISES IMMINENT BUT FEDERAL RESERVE CHAIRMAN ALAN GREENSPAN WARNED HE WOULD ACT 'PROMPTLY AND FORCEFULLY' AGAINST INFLATION
Record ID:
981023
USA: NO NEW INTEREST RATE RISES IMMINENT BUT FEDERAL RESERVE CHAIRMAN ALAN GREENSPAN WARNED HE WOULD ACT 'PROMPTLY AND FORCEFULLY' AGAINST INFLATION
- Title: USA: NO NEW INTEREST RATE RISES IMMINENT BUT FEDERAL RESERVE CHAIRMAN ALAN GREENSPAN WARNED HE WOULD ACT 'PROMPTLY AND FORCEFULLY' AGAINST INFLATION
- Date: 22nd July 1999
- Summary: WASHINGTON D.C., UNITED STATES (JULY 22, 1999) (POOL) 1. SV U.S. FEDERAL RESERVE CHAIRMAN ALAN GREENSPAN ENTERS CONGRESSIONAL COMMITTEE ROOM 0.09 2. WIDE OF CONGRESSIONAL COMMITTEE 0.16 3. SV SOUNDBITE (English) GREENSPAN "If new data suggests that it is likely that the pace of costs and price increases will pick up the Federal Reserve will have to act promptly and forcefully, so as to preclude imbalances from arising that could require disruptive adjustment later." 0.39 4. WIDE OF GREENSPAN FROM BEHIND 0.44 5. SV SOUNDBITE (English) GREENSPAN "Output has grown beyond what is normally expected from increased inputs of labor and capital alone, business restructuring and the synergies of new technology have enhanced production efficiency and given businesses greater abilities to pare costs, increase production, flexibility and expand capacity that are arguably the major reason inflation has held in check in recent years." 1.22 6. PAN OF GREENSPAN AND COMMITTEE 1.47 7. SLV GREENSPAN WITH THE COMMITTEE 1.53 NEW YORK, NEW YORK, UNITED STATES (JULY 22, 1999) (NYSE) 8. HAS/PAN NEW YORK STOCK EXCHANGE (NYSE) 2.09 9. SLV/ PUSH OUT OPENING BELL OF THE NEW YORK STOCK EXCHANGE (NYSE) 2.26 Initials Script is copyright Reuters Limited. All rights reserved
- Embargoed: 5th August 1999 13:00
- Keywords:
- Access Restrictions:This media cannot be downloaded as there may be copyright restrictions. Please contact us for more information
- Location: WASHINGTON D.C. AND NEW YORK, NEW YORK, UNITED STATES
- City:
- Country: USA
- Reuters ID: LVA3KHZGM7TKFL4UG0I0E0IUZ2E6
- Story Text:
- Copyright Holder: REUTERS - SOURCE TO BE VERIFIED
- Copyright Notice: (c) Copyright Thomson Reuters 2014. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None