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Greenspan Says Deflation Worries Have Subsided

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Greenspan Says Deflation Worries Have Subsided

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Greenspan Says Deflation Worries Have Subsided

Greenspan Says Deflation Worries Have Subsided

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  • <iframe src="https://www.npr.org/player/embed/1845538/1845539" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Federal Reserve Chairman Alan Greenspan says the long period of worry about the potential for price deflation is over. Greenspan also tells the Senate Banking Committee that rebounding retail sales and strong job growth add to his optimism about the economic outlook. NPR's Jack Speer reports.

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