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Greenspan: Energy Prices Chilling U.S. Growth

By Chris Arnold
Published October 14, 2004 at 11:00 PM CDT
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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
NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered, and Weekend Edition. He joined NPR in 1996 and was based in San Francisco before moving to Boston in 2001.
See stories by Chris Arnold