] WASHINGTON, Feb. 11 (UPI) -- Federal Reserve Chairman ] Alan Greenspan cautioned Tuesday before the Senate ] Banking Committee that the threat of war in the Middle ] East continues to dampen economic growth. ] "The intensification of geopolitical risk, makes ] discerning the economic path ahead especially difficult," ] he told the committee. ] He said: "If these uncertainties diminish considerably in ] the near term, we should be able to tell far better ] whether we are dealing with a business sector and an ] economy poised to grow more rapidly -- our more probable ] expectation-- or one that is still laboring under ] persisting strains and imbalances that have been ] misidentified as transitory." "War dampens economy.. diaper sales are rising!" |