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Greenspan: Energy Prices Chilling U.S. Growth

NPR | By Chris Arnold
Published October 14, 2004 at 9:00 PM PDT

Federal Reserve Chairman Alan Greenspan says rising energy costs have trimmed economic growth by about three-quarters of a percentage point in 2004. Higher fuel prices could mean a struggle this winter among Americans who use oil to heat their homes. NPR's Chris Arnold reports.

Copyright 2004 NPR
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Chris Arnold
Chris Arnold is a correspondent with NPR's investigations team. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered and Weekend Edition.
See stories by Chris Arnold