Alan Greenspan defends worries about deflation

Opening a two-day conference on monetary policy sponsored by the Federal Reserve Bank of Kansas City, Alan Greenspan said on Friday 29 August that the Fed was right to worry about deflation even though the threat was remote as uncertainty remained "the defining characteristic of that landscape".

Source: Associated Press

U.S. Federal Reserve Chairman Alan Greenspan defended the Fed's recent worries about deflation, which have sent financial markets on a roller coaster ride, saying Friday it's t