“I’ve never seen a particular situation in this professional experience,” Greenspan, 94, told CNN’s Julia Chattery at the Show First Move on Thursday.
He didn’t work in finance when he was a boy, but he survived the Great Depression.
Greenspan led the Fed The second longest tenure in that role, from 1987 to 2006. (He missed being the first in four months.)
At this stage, trying to predict where the virus is heading is only speculation, Greenspan said. It may be possible to return to normal by next spring, but only if the spread of the virus is suppressed and the condition persists, he added.
According to Greenspan, it should be easy to pass on a new stimulus package as long as there is a general consensus that something needs to be accomplished. But in this volatile situation, you always have to ask what goes wrong.
“I’m not entirely sure there is enough information to know how to deal with this kind of problem,” Greenspan said, adding that it could have unintended consequences for society.
Alan Greenspan: I’ve never seen anything like this
Source link Alan Greenspan: I’ve never seen anything like this