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Greenspan: Slow economic recovery 'in a pause'
Former Fed Chairman Alan Greenspan says the economy is having a modest recovery, but right now there's a "pause" in that recovery, so it feels like a "quasi-recession."
In this Sunday Aug. 1, 2010, photo released by NBC, \"Meet the Press\" moderator David Gregory, interviews former Federal Reserve Chairman Alan Greenspan, right, at the NBC studios in Washington. Greenspan said he thinks the economy is having a modest recovery, but right now there's a \"pause\" in that recovery, so it feels like a \"quasi-recession.\" Cheering the comeback of the stock market, Greenspan told NBC that a rising stock market will do more to stimulate the economy than any of the remedies now being discussed. (AP Photo/NBC, Stephen J. Boitano) NO ARCHIVES. NO SALES.Stephen J Boitano / nbc
/ Source: Investigative Reporting Workshop, American University
By /msnbc/Components/Bylines/081008-palin-hmed-316p.jpg1100066700#000000http://msnbcmedia.msn.comGetty Images North AmericaDavid McNew / Getty Images fileCARSON, CA - OCTOBER 04: Republican vice-presidential candidate Alaska Gov. Sarah Palin waves to supporters at a campaign rally at the Home Depot Center on October 4, 2008 in the Los Angeles area community of Carson, California. The rally follows her debate this week with Democratic vice-presidential candidate U.S. Sen. Joe Biden (D-DE) at Washington University in St. Louis, Missouri. (Photo by David McNew/Getty Images)Image: Sarah Palin in Carson, CaliforniaH Palin Sarah 83093787DM013A ELN081008-palin-hmed-316pCarsonCAUnited States633586752000000000183093787Pfalsefalse
Former Federal Reserve Chairman Alan Greenspan says he thinks the economy is having a modest recovery, but right now there's a "pause" in that recovery, so it feels like a "quasi-recession."
Greenspan says long-term unemployment is pulling the economy apart even though large banks are doing much better and large companies are in excellent shape.
In this Sunday Aug. 1, 2010, photo released by NBC, \"Meet the Press\" moderator David Gregory, interviews former Federal Reserve Chairman Alan Greenspan, right, at the NBC studios in Washington. Greenspan said he thinks the economy is having a modest recovery, but right now there's a \"pause\" in that recovery, so it feels like a \"quasi-recession.\" Cheering the comeback of the stock market, Greenspan told NBC that a rising stock market will do more to stimulate the economy than any of the remedies now being discussed. (AP Photo/NBC, Stephen J. Boitano) NO ARCHIVES. NO SALES.Stephen J Boitano / nbcIn this Sunday Aug. 1, 2010, photo released by NBC, \"Meet the Press\" moderator David Gregory, interviews former Federal Reserve Chairman Alan Greenspan, right, at the NBC studios in Washington. Greenspan said he thinks the economy is having a modest recovery, but right now there's a \"pause\" in that recovery, so it feels like a \"quasi-recession.\" Cheering the comeback of the stock market, Greenspan told NBC that a rising stock market will do more to stimulate the economy than any of the remedies now being discussed. (AP Photo/NBC, Stephen J. Boitano) NO ARCHIVES. NO SALES.Stephen J Boitano / nbc
Greenspan predicts that unemployment will remain where it is, hovering around 9.5 percent, for the rest of the year.
Cheering the comeback of the stock market, Greenspan tells NBC's "Meet the Press" that a rising stock market will do more to stimulate the economy than any of the remedies now being discussed.
/msnbc/Components/Bylines/081008-palin-hmed-316p.jpg1100066700#000000http://msnbcmedia.msn.comGetty Images North AmericaDavid McNew / Getty Images fileCARSON, CA - OCTOBER 04: Republican vice-presidential candidate Alaska Gov. Sarah Palin waves to supporters at a campaign rally at the Home Depot Center on October 4, 2008 in the Los Angeles area community of Carson, California. The rally follows her debate this week with Democratic vice-presidential candidate U.S. Sen. Joe Biden (D-DE) at Washington University in St. Louis, Missouri. (Photo by David McNew/Getty Images)Image: Sarah Palin in Carson, CaliforniaH Palin Sarah 83093787DM013A ELN081008-palin-hmed-316pCarsonCAUnited States633586752000000000183093787Pfalsefalse
