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Greenspan flags eventual rise in interest rates
Fed Chair Greenspan told Congress the U S recovery has momentum and that low short term rates will rise at some point though he did not specify when He cited solid growth prospects and a stronger hiring climate with March payroll gains of 308 000 the most in four years He noted dollar weakness and global growth add price pressures while inflation remains low and stressed the funds rate must rise to curb future inflation In IMF outlook global growth is seen at 4 6 percent this year, U S at 4 6 percent.
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Alan Greenspan
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America
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Joint Economic Committee
Federal
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IMF
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Me Ae Renee