Alan Greenspan says conditions are the best in the 50 years he's been observing the American economy and signaled today that the Federal Reserve saw no reason to dampen the spirit by raising interest rates. The Fed head cited an unusual amount of uncertainty caused by Asian economic turmoil, but said the United States' current eight-year run of economic expansion hasn't been threatened.
Greenspan: All's Well
Alan Greenspan says conditions are the best in the 50 years he's been observing the American economy and signaled today that the Federal Reserve saw no reason to dampen the spirit by raising interest rates. The Fed head cited an unusual amount of uncertainty caused by Asian economic turmoil, but said the United States' current eight-year run of economic expansion hasn't been threatened.
