Greenspan Sees Trade Gap Stabilizing

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Market forces and promised action by Washington to cut its budget deficit look set to stabilize, and could cut, the record U.S. trade gap, Federal Reserve Chairman Alan Greenspan said on Friday.


“Besides market pressures, which appear poised to stabilize and over the longer run possibly to decrease the U.S. current account deficit and its attendant financing requirements, some forces in the domestic U.S. economy seem about to head in the same direction,” Greenspan told a conference hosted by the British Treasury.


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