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February 16, 2005

Greenspan Speaks

Amey Stone

There's nothing quite like reading Greenspan's words. Today the markets fell, as the wires explain, because he was so upbeat about the strength of the economy in his Semiannual Monetary Report before Congress. That raises the spectre of more interest rate hikes.

But read what he actually said and you'll find little evidence that he's worried about inflation.

12:55 PM

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