Summary
WASHINGTON - Former Federal Reserve Chairman Alan Greenspan said Wednesday that while the country has been able to absorb sharp increases in oil prices, high energy costs are beginning to stunt economic growth.
He also said sharply higher oil prices have not produced any "serious erosion" of world economic activity.See the full content of this document
Extract
Greenspan: High Energy Prices Taking Toll
"The United States, especially, has been able to absorb the huge implicit tax of rising oil prices so far," because the nation has become "far m...
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