June 4, 2002: Greenspan Says U.S. Economy On ‘Upswing’
“I suspect the American economy is in an upswing. It’s not going to be a dramatic upswing,” he stated.
Greenspan acknowledged that the U.S. economy isn’t likely to match the first quarter’s 5.6% growth rate, noting that he prefers to wait for more signs of strong and sustainable demand for products and services.
Publication date: 06/03/2002