NEW YORK, Sept. 3 (UPI) -- U.S. Federal Reserve Chairman Alan Greenspan reportedly looks with some optimism at the expected economic fallout from Hurricane Katrina.
Treasury Secretary John Snow told BBC that he and Greenspan felt the storm aftermath would not have a significant long-term effect on the U.S. economy.
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However, he said a slowed growth is expected for a short period.
Other experts, however, predict otherwise, CNN said, and it goes well beyond higher gasoline prices.
They think real estate and home construction, trade, agriculture and livestock -- even the purchasing power of the dollar -- are likely to be impacted by the storm in the coming months.
