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...
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