Greenspan: US economy is picking up

US - The US economy seems finally to be climbing out of recession, Federal Reserve chairman Alan Greenspan said.

Mr Greenspan's comments, made in testimony to the US Senate's Budget Committee, were more upbeat than those in a speech in San Francisco on 11 January.

Then, Mr Greenspan warned that "significant risks" continued to threaten recovery in the short term.

There was no reference to the risk this time, a decision which some observers are taking as a hint that the Fed's next meeting - tak

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: