Greenspan: Odds rising for a recession

Greenspan: Odds of a Recessions Are Rising, Economic Growth Is Getting Close to 'Stall Speed'

JEANNINE AVERSA,AP News
Dec 13, 2007 19:00 EST

Former Federal Reserve Chairman Alan Greenspan says the odds the U.S. will fall into a recession are "clearly rising" and he believes economic growth is "getting close to stall speed."

Greenspan, who ran the central bank for 18 1/2 years, until early 2006, offered his views on the economy in an interview on NPR News' Morning Edition that will air on Friday. Excerpts of the interview were released on Thursday.