Word: underscoringchairman
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Dates: during 1990-1999
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...Federal Reserve survey released today suggests the economy may be slipping into a mild recession. UnderscoringChairman Alan Greenspan's unusually frank warning of a "modest, near-term recession"Tuesday night, the "Beige Book" survey of business conditions by the Fed's 12 regional banks said key segments of the economy that respond most readily to higher interest rates are slowing dramatically. According to the report,auto industry sales remain "depressed" and home-buying is slower than last year. On the upside, the survey found only mild inflationary pressures. Greenspan's comments have convinced many Fed-watchers that...
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