News, analysis and personal reflections on the markets & the financial sector

Tuesday, April 6, 2010

Greenspan says "momentum is very clearly there" in economy


Former Federal Reserve Chairman Alan Greenspan said the economic recovery is building momentum, supporting the Obama administration's increasingly confident outlook. "The momentum is very clearly there, and I doubt very much that we're going to run out of that momentum until very late in the year," Greenspan said. He cited corporate investment, employment data and a build-up of inventory by purchasing managers.






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