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Federal Reserve Chairman Alan Greenspan Testifies

Federal Reserve Chairman Alan Greenspan during testimony in the Senate Banking Committee July 21, 1998 in Washington, DC. Greenspan, in mid-year testimony said the central bank worries more about inflationary pressures than the slowdown in the economy. He promised to 'resist vigorously' any signs of inflationary buildup.

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Federal Reserve Chairman Alan Greenspan during testimony in the Senate Banking Committee July 21, 1998 in Washington, DC. Greenspan, in mid-year testimony said the central bank worries more about inflationary pressures than the slowdown in the economy. He promised to 'resist vigorously' any signs of inflationary buildup.