Financial Times FT.com

Greenspan risks new row with Fed

By Krishna Guha in Washington

Published: March 6 2007 19:08 | Last updated: March 7 2007 00:34

Alan Greenspan risked stirring renewed controversy on Tuesday when he told the Bloomberg news agency that there was a “one-third probability” of a US recession this year.

The former Federal Reserve chairman’s comments are starkly at odds with the relatively upbeat assessment made by Ben Bernanke, his successor, in testimony to Congress last week.

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