Inside these posts: Alan Greenspan

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Greenspan: Stimulus hurt recovery

Former Federal Reserve Bank Chairman Alan Greenspan, right, takes a question Tuesday morning about his recent publication, "Activism." (Chip Somodevilla/Getty)

Massive government intervention to save the economy is to blame for the lagging recovery, Former Federal Reserve Chairman Alan Greenspan said Tuesday..

“What we need to do now is to calm down; let things move by themselves,“ he said at a forum at the Council of Foreign Relations. “And indeed of rate of activism has decreased significantly and the ratio of capital flow has inched back up.” Get the full story »

Greenspan: Recovery underway, but paused

Former Federal Reserve Chairman Alan Greenspan says he thinks the economy is having a modest recovery, but right now there’s a “pause” in that recovery, so it feels like a “quasi-recession.”

Greenspan says long-term unemployment is pulling the economy apart even though large banks are doing much better and large companies are in excellent shape. Greenspan predicts that unemployment will remain where it is, hovering around 9.5 percent, for the rest of the year.