Former Fed Chair Says Housing Stabilizing
Former Federal Research Chair Alan Greenspan told ABC News on Sunday that he believes the economy has hit bottom and is on the way back up. “I’m short-term optimistic, but with many caveats,” the former Fed chair says.His view of housing was one of the caveats.
He said housing markets have “stabilized temporarily,” although, "it is possible that could get a second wave down. Under those conditions, we would get a very significant change in the underlying confidence in the consumer area."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment