Speech by Fed chairman Alan Greenspan

SPEECH - Federal Reserve chairman Alan Greenspan gave a speech on 24 May at the Economic Club of New York. In it he assesses the US economy's recent performance and speculates on the future.

US Federal Reserve chairman Alan Greenspan has signalled that the US still faces the threat of recession.

In his first public speech on the economy for three months, he warned of "considerable uncertainties" ahead and said the current period of slow growth has not yet ended and business activity could weaken

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