Speech by Federal Reserve Chairman Alan Greenspan

SPEECH - In the speech given 11 January 'The Economy' Greenspan said that the economy still faced "significant risks in the near term", even though there are signs of the downturn beginning to bottom out. He also said that despite encouraging signs, it is still premature to conclude that the forces restraining economic activity here and abroad have abated enough to allow a steady recovery to take hold.

Remarks by Federal Reserve Chairman Alan Greenspan at the Bay Area Council Conference, San

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