Former Federal Reserve Chairman Alan Greenspan said over the weekend that a decline in home prices could derail an already slowing economic recovery and send the US into a double-dip recession. Greenspan’s comments follow his successor Ben Bernanke’s remarks last week before Congress that the economy remains “unusually uncertain,” and that the Fed was readying itself to take new measures if the economy deteriorated further.
0 minute readGreenspan warns home price decline could lead to second recession
August 2, 2010, 2:01pm
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
