A casualty of the invasion of Iraq.

Greenspan Cites Oil's Restraints

Economy Otherwise Strengthens, He Says

By Nell Henderson
Washington Post Staff Writer
Thursday, September 9, 2004; Page E01

Federal Reserve Chairman Alan Greenspan said yesterday that U.S. economic growth picked up in recent weeks but is still restrained by high oil prices.

Greenspan, appearing before the House Budget Committee, said the spring surge in energy prices weakened the economy more than analysts had expected. He suggested that uncertainty about oil prices continues to cloud the economic outlook.


Federal Reserve Chairman Alan Greenspan is questioned by a member of the House Budget Committee yesterday. (Melina Mara -- The Washington Post)

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Is this another casuality of the invasion of Iraq.