U.S. not in recession, says Greenspan

[Carl Remick]

>U.S. not in recession, says Greenspan
>
>The New York Times 2/13/01
>
>Washington -- While warning that the economy still faces substantial risks, 
>Fed Chairman Alan Greenspan said Tuesday that the United States is not in a 
>recession and that the current downturn could prove to be as short as it is 
>sharp.

Another weapon from the Fed's countercyclical armamentarium:  the jawboning 
of an ass.

Carl
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