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Alan Greenspan
Alan Greenspan, the former chairman of the Federal Reserve, believes the US economy still faces the threat of the dreaded double dip recession.
The FTSE traded 56 points, or 1%, lower this morning at 5,705.49 after a downbeat assessment of the US recovery from former Federal Reserve chairman Alan Greenspan.
Former Federal Reserve chairman Alan Greenspan has defended his economic policy record at a US congressional hearing into the financial crisis.
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Former chairman of the Federal Reserve Alan Greenspan believes there is "momentum building up" in the US economy and the chance of a double dip has fallen significantly.
Two of America's most noted financial commentators have argued the recovery of the US economy is not a given, despite the recent uptick in sentiment.
An attempt to organise a takeover of Northern Rock was underway last night, according to The Times , as regulators, government and bank officials sought to rescue Britain’s fifth largest mortgage lender before panic among its customers leaves it beyond rescue.
YESTERDAY’S INFLATION REPORT from the Bank of England can only mean one thing, and that is interest rates are set to continue rising, The Times writes.
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