Greenspan sees 9 to 10% jobless rate
![060307_greenspan_vmed_3p.widec[1]](http://www.soundmoneyinstitute.com/wp-content/uploads/2010/02/060307_greenspan_vmed_3p.widec1.jpg "060307_greenspan_vmed_3p.widec[1]")
Alan Greenspan, the former Federal Reserve chairman, said yesterday that it is “very difficult’’ to envision the unemployment rate falling soon and that an economic recovery is “going to be a slow, trudging thing.’’
He also expressed concern about falling stock prices.
While the recession is “essentially over,’’ he said, “it’s very difficult to make the case that unemployment is coming down any time soon.’’ He spoke on NBC’s “Meet the Press’’ program.’
Read More: – Bloomberg News
