GREENSPAN SEES SOLID ECONOMIC GROWTH.(BUSINESS)

Byline: JOHN M. BERRY - Washington Post

Federal Reserve Chairman Alan Greenspan said Monday the U.S. economic expansion is on solid footing with virtually no sign of rising inflation but cautioned that the central bank eventually would have to raise short-term interest rates to maintain that stability.

In his testimony to Congress's Joint Economic Committee, Greenspan indicated that he thinks there is little chance of growth slowing dramatically as it did in the first half of last year after a strong close to 1992.

"I don't recall as good an underlying base in the long-term economic outlook any time in the last two to three decades," Greenspan …