Speaking in an interview with the Financial Times on Monday, former Fed Chairman Alan Greenspan said the chance of a recession in the United States was above 50% but that probability was pulling back somewhat. Greenspan also said it was too soon to tell whether the worst of the financial crisis was over...
Inflation is not yet out of control in the United States, according to former Fed Chairman Alan Greenspan , speaking via satellite link to a conference in Athens, Greece. Nevertheless, the markets are moving towards a more inflation-prone environment, added the retired central banker. Greenspan also...
Dallas Federal Reserve President Richard Fisher (voter) speaking at the Hilton Midland Plaza in Texas said that the current economic slowdown will be prolonged, but not very deep. Fisher warned that the Federal Reserve is in a difficult situation trying to repair the financial system , and that inflation...