VOL. XLVI

No 7

17-February-2003

IRAQ

Uncertainty Over Possible Iraq War A Barrier To Business Spending, Says Greenspan

Uncertainty over a possible US war against Iraq is a formidable barrier to business spending, said US Federal Reserve Chairman Alan Greenspan on 11 February in his semi-annual monetary policy testimony before the US Senate Banking Committee. He said that worries about the Iraq situation have, in particular, contributed to an appreciable increase in oil prices, heightening...