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BusinessApril 17, 2000

The five interest rate increases the Federal Reserve has engineered since June were needed to keep inflation under control, Fed Chairman Alan Greenspan said Friday in remarks widely viewed as signaling more rate increases to come. Greenspan, speaking to a National Technology Forum in St. Louis last week, said that while inflation remains well-behaved, it was critical to stay on guard to prevent the strong economy from generating inflation problems...

The five interest rate increases the Federal Reserve has engineered since June were needed to keep inflation under control, Fed Chairman Alan Greenspan said Friday in remarks widely viewed as signaling more rate increases to come.

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Greenspan, speaking to a National Technology Forum in St. Louis last week, said that while inflation remains well-behaved, it was critical to stay on guard to prevent the strong economy from generating inflation problems.

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