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Risk of US recession increases

August 24, 2018

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WASHINGTON, – Risks of a US recession have increased, but theFederal Reserve must be cautious in supporting the economy becauseglobal forces that have kept inflation in check are receding,former Fed chairman Alan Greenspan said today. – Brisbane Times (The Brisbane Times — 18 September, 2007)
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Former Federal Reserve Chairman Alan Greenspan said his successorsat the US central bank should act cautiously in lowering interestrates because of inflation risks. (Sydney Morning Herald — 17 September, 2007)
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THE former US Federal Reserve chairman, Alan Greenspan, has warnedthat house prices in the US are likely to fall by at least singledigits and probably double digits before they reach the bottom ofthe cycle as a result of the subprime lending crisis. (Sydney Morning Herald — 18 September, 2007)
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A serious bout of financial market instability has dramatically changed the debate at the Federal Reserve from worries about inflation to concerns about the possibility of a recession. (CNN — 18 September, 2007)
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A big overhang of property will bring U.S. house prices down further, but it is too early to say if the economy will plunge into recession, former Federal Reserve chief Alan Greenspan was quoted as saying on Friday. (MSNBC — 13 hours ago)
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Central bank cuts interest rate for first time in four years, seeking to prevent housing slump and turbulent markets from triggering recession. (Washington Post — 19 September, 2007)
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Alan Greenspan says the turmoil in credit markets was an “accident waiting to happen” and warns of rising UK inflation in future years. (BBC News — 17 September, 2007)
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