Greenspan - Fed has monetary tools left if needed

Alan Greenspan said on Tuesday that war worries were "a very large hurdle" hindering the recovery but that once these concerns were out of the way the economy should rebound. He also called on Germany and Japan to increase efforts to deregulate their economies and aid global recovery.

Federal Reserve Chairman Alan Greenspan said Tuesday that the Fed would not be ''out of business'' in terms of stimulating the economy even if it should push a key interest rate to zero, Associated Press reported