March 15 at 12:23 p.m.
Filed under:
Economy,
Government
By CNN
Former Federal Reserve Bank Chairman Alan Greenspan, right, takes a question Tuesday morning about his recent publication, "Activism." (Chip Somodevilla/Getty)
Massive government intervention to save the economy is to blame for the lagging recovery, Former Federal Reserve Chairman Alan Greenspan said Tuesday..
“What we need to do now is to calm down; let things move by themselves,“ he said at a forum at the Council of Foreign Relations. “And indeed of rate of activism has decreased significantly and the ratio of capital flow has inched back up.” Get the full story »
Aug. 2, 2010 at 5:55 a.m.
Filed under:
Economy,
Jobs/employment
By Associated Press
Former Federal Reserve Chairman Alan Greenspan says he thinks the economy is having a modest recovery, but right now there’s a “pause” in that recovery, so it feels like a “quasi-recession.”
Greenspan says long-term unemployment is pulling the economy apart even though large banks are doing much better and large companies are in excellent shape. Greenspan predicts that unemployment will remain where it is, hovering around 9.5 percent, for the rest of the year.
