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Commentary

GDP

Alan Greenspan

Tue, February 04, 1997

I think we are getting to the point ... when we will have to move unless very clear evidence emerges that the expansion is easing significantly.  I don't mean evidence that GDP growth is moderating to 1-3/4 percent or whatever the forecast is.  The GDP is a nice number and it does have some relationship to the real world.  I'm not terribly certain what it is, though everyone tells me it does.


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