Greenspan: US economy has risk of weakening

US Fed Chairman Greenspan released the biannual economic report at the Capitol Hill hearing. He said that the Fed would further reduce the interest rate if the economy can not revive in the near future, hinting that the rate-cut would be small, since the federal funds rate has be reduced to the lowest level for 7 years, which is expected to speed up the economic growth by the year-end. He further pointed out that signs showed that the economy has saw the bottom but still bears the risk of weakening and a recovery is expected to come out within this year.

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