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Tuesday, July 20, 2004

MSNBC - Interest rates to increase at measured pace: "Interest rates to increase at measured pace
Greenspan says economy is in sustainable expansion

NBC News
Not only has economic activity quickened, but the expansion has become more broad-based and has produced notable gains in employment, the Fed chief said in his semiannual review of monetary policy.

Updated: 3:58 p.m. ET July 20, 2004 WASHINGTON - The U.S. economy has entered a sustainable expansion that is creating some price pressures, but inflation does not now pose a major threat, Federal Reserve Chairman Alan Greenspan told Congress Tuesday"

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