Alan Greenspan, chairman of the US Federal Reserve, has said more interest rate cuts might by needed if the world’s largest economy is to come out of the doldrums.
Speaking to an audience of the Economic Club of New York on Thursday night, Greenspan said: “This period of sub-par economic growth is not yet over.”
The Daily Telegraph 26/05/01 page 29,
The Guardian 26/05/01 page 26, The Times 26/05/01 page 20
