Tags: Coronavirus | alan greenspan | economy | forecast | predictions | pandemic | virus

Alan Greenspan: COVID-19 Predictions 'Little More Than a Guess'

greenspan in a suit speaking at a podium
Former Federal Reserve Chairman Alan Greenspan (Spencer Platt/Getty Images)

By    |   Thursday, 19 November 2020 11:29 AM

Former Federal Reserve Chairman Alan Greenspan told CNN Business on Thursday that “trying to forecast” the direction of the coronavirus pandemic is “little more than a guess.”

Greenspan told host Julia Chatterley on Thursday, “I’ve never seen a particular situation during my professional experience anything like this.”

He added, “Trying to forecast where the virus is going is, at this particular stage, very little more than a guess. And we have to adjust our forecasting and our policies accordingly. This is a very complex forecasting procedure and system, largely because the issue of virus is a very rare phenomenon, once in a hundred years.”

When asked how long it will take for the economy to recover, Greenspan said “it depends on how quickly they get an operating solution to the virus problem — I would scarcely say we’re flying blind, we know a great deal. And we know, certainly, that if we could bring the virus under control and keep it that way, it is perfectly credible, like those who are forecasting now, that we’ll be back to normal by the spring of next year, if not earlier.”

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Former Federal Reserve Chairman Alan Greenspan told CNN Business on Thursday that "trying to forecast" the direction of the coronavirus pandemic is "little more than a guess." Greenspan told host Julia Chatterley on Thursday, "I've never seen a particular situation during my...
alan greenspan, economy, forecast, predictions, pandemic, virus
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2020-29-19
Thursday, 19 November 2020 11:29 AM
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