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Fed Chief Rejects Short-Term Boost for Economy

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Fed Chief Rejects Short-Term Boost for Economy

U.S.

Fed Chief Rejects Short-Term Boost for Economy

Fed Chief Rejects Short-Term Boost for Economy

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  • <iframe src="https://www.npr.org/player/embed/997550/997551" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Federal Reserve Chairman Alan Greenspan tells lawmakers he doesn't believe the economy needs short-term stimulus. Congress, he says, should focus on actions that promote long-term growth. And he admonishes Congress to get deficits under control. NPR's Jim Zarroli reports.