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FILE PHOTO OF FEDERAL RESERVE CHAIRMAN GREENSPAN, 2003-07-10 (photo)

FILE PHOTO OF FEDERAL RESERVE CHAIRMAN GREENSPAN, 2003-07-10 (photo)
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IMAGE number
REU7862741
Image title
FILE PHOTO OF FEDERAL RESERVE CHAIRMAN GREENSPAN, 2003-07-10 (photo)
Auto-translated text View Original Source
Photographer
Larry Downing
Medium
photograph
Date
2003 AD (C21st AD)
Shooting Date
2003-07-10
Image description

Federal Reserve policy-makers opted on August 12, 2003 to keep U.S. interest rates at 45-year lows but again warned about the risks of falling prices and said rates could stay low for "a considerable period." The central bank's policysetting Federal Open Market Committee left the bellwether federal funds rate at 1 percent, a 1958 low hit after the Fed cut rates 13 times since early 2001 to foster a more vigorous expansion. Federal Reserve Board Chairman Alan Greenspan testifies before the Senate Energy and Natural Resources Committee on Capitol Hill in this July 10, 2003 file photo. REUTERS/Larry Downing-Files HB/

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REUTERS/Larry Downing / Bridgeman Images
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