TITLE

Greenspan Says Deflation Not Ahead

AUTHOR(S)
Newman, Emily
PUB. DATE
June 2003
SOURCE
Bond Buyer;6/4/2003, Vol. 344 Issue 31649, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
United States Federal Reserve Board chairman Alan Greenspan told International Monetary Conference in Berlin, Germany, on June 3, 2003 that the board has considered the possibility of unexpected inflation while financial experts' attentions are focused on deflation. In keeping with the board's policy to refer all dollar-related questions to Treasury Secretary John Snow, Greenspan would not speculate on the dollar's recent dip in financial markets. Greenspan also expressed concern over the increasing cost for benefits like Social Security and Medicare as the baby boom generation ages.
ACCESSION #
10014730

 

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