{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Federal Reserve chief comments on economy' data-url='/boclips/videos/5c54c017d8eafeecae148208' data-video-url='/boclips/videos/5c54c017d8eafeecae148208' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nFederal Reserve chief comments on economy\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Pan Greenspan walks into hearing room2. Close-up session being opened3. Back view of Greenspan testifying4. SOUNDBITE: (English) Alan Greenspan, U.S. Federal Reserve Chairman. \"To be sure, over time the current accommodative stance of...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Pan Greenspan walks into hearing room\u003cbr/\u003e2. Close-up session being opened\u003cbr/\u003e3. Back view of Greenspan testifying\u003cbr/\u003e4. SOUNDBITE: (English) Alan Greenspan, U.S. Federal Reserve Chairman. \"To be sure, over time the current accommodative stance of monetary policy is not likely to be consistent with maintaining price stability.  But prospects for low inflation and inflation expectations in the period ahead mean that the Federal Reserve should have ample opportunity to adjust policy to keep inflation pressure contained once sustained, solid economic expansion is in view.\"\u003cbr/\u003e5. Cutaway committee members listening\u003cbr/\u003e6. SOUNDBITE: (English) Alan Greenspan, U.S. Federal Reserve Chairman. \"The U-S economy displayed remarkable resilience over the past six months in the face of some very significant adverse shocks.  But the strength of the economic expansion that is under way remains to be clarified.  Some of the forces that have weighted heavily on the economy over the past year or so have begun to dissipate, but other factors, such as the sharp increase in world oil prices, have arisen that pose new challenges.  As a result, the course of final demand will need to be monitored closely.\"\u003cbr/\u003e7. Wide view of hearing\u003cbr/\u003e8. SOUNDBITE: (English) Alan Greenspan, U.S. Federal Reserve Chairman. \"Still there can be little doubt that prospects have brightened.  Spending in the household sector has held up well, and some signs of improvement are evident in business profits and investment.  Fiscal policy continues to provide stimulus to aggregate demand, and monetary policy is currently accommodative.  With the growth of productivity well maintained and inflation pressures largely absent, the foundation for economic expansion have been laid.\" \u003cbr/\u003e9. Back view Greenspan speaking\u003cbr/\u003eUnited States Federal Reserve Chairman Alan Greenspan told Congress Wednesday that prospects for the U.S. economy have brightened but he sent a clear signal the central bank is in no rush to raise interest rates. \u003cbr/\u003eHe said inflation pressures, despite surging oil prices, are well-contained.\u003cbr/\u003eIn his first testimony on the economy since early March, Greenspan sought to assure jittery financial markets that the central bank feels no need to start raising a key interest rate, the federal funds rate, which is at a 40-year low.\u003cbr/\u003eHe said that prospects for low inflation and inflation expectations in the period ahead mean that the Federal Reserve should have ample opportunity to adjust policy to keep inflation pressures contained.\u003cbr/\u003eGreenspan's testimony was right in line with the expectations of most private economists. \u003cbr/\u003eThey predict the central bank will begin to raise rates but 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