Fed's Greenspan sees signs of recovery

Speaking to the gathering of top central bankers in Berlin on Tuesday 3 June, Fed chairman Alan Greenspan said indications were that a "fairly marked turnaround" was on the way.

Source: Associated Press

Federal Reserve Chairman Alan Greenspan lauded the "remarkable resilience" of the U.S. economy on Tuesday, predicting that growth will pick up soon and praising the timing of the Bush administration's tax cut.

Speaking by video link to other top central bankers gathered in Berlin, Greenspan said