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Greenspan: Energy Prices Chilling U.S. Growth

By Chris Arnold
Published October 15, 2004 at 12:00 AM EDT

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.

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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.