yahoo link Federal Reserve Chairman Alan Greenspan said on Tuesday that U.S. companies were regaining the power to raise prices and that a long period of worry about the potential for price deflation was over. "It's fairly apparent that pricing power is gradually being restored and, as I'll indicate tomorrow, threats of deflation, which were a significant concern last year, by all indications, are no longer an issue for us," Greenspan said in answer to questions from lawmakers before the Senate Banking Committee. Greenspan said fast growth in U.S. productivity, or hourly output per worker, should keep a lid on price pressures for some time. That gives the Fed some leeway to take its time in raising rates back to what economists call a "neutral" stance -- between 3 and 4 percent -- rather than being forced by surging price pressures to increase credit costs. "The inflationary pressures will be reasonably well-contained so long as productivity is moving at a reasonably good clip and unit labor costs, as best as we can judge, are still going down," Greenspan said. So there it is folks, you and I are totally responsible for the economy upswing by working harder for less money.