WASHINGTON -- The U.S. recession looks more like a thing of the past, but it is too early to conclude that an economic rebound is in the works, Federal Reserve Board Chairman Alan Greesnpan said yesterday.

Economic reports of the last several weeks are "strongly suggestive of a bottoming some time in the second quarter," Mr. Greenspan told the House Ways and Means Committee, but he added that he did not see "any measurable upward thrust" in the economy either.

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