Greenspan cancels speech with cold

Federal Reserve Chairman Alan Greenspan was due to make scheduled introductory remarks at a Fed conference in Washington on Friday (26 March) because of a cold, a spokesman said on Friday.

"He has a cold," the Fed spokesman said, Reuters reported.

In a speech in Warrenton, Virginia, on Thursday, the Fed chief apologized to the audience for his hoarse voice, the report said.

The Fed chairman had been due to introduce a conference on "Models and Monetary Policy" at 9:00 a.m. (1400 GMT).