Greenspan sees risks in path to recovery

US - In his first speech on the economy in months, Federal Reserve Chairman Alan Greenspan sounded considerably more cautious about recovery prospects than private forecasters and even fellow Fed policy makers.

The U.S. economy shows signs of stabilizing but still faces significant risks before a sustainable recovery can begin, the central bank chief said Friday in San Francisco. The downbeat assessment raises the odds the Fed will cut rates for a 12th time at its meeting 29-30 January, and su

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