Greenspan Sees Sluggish Economy Until Uncertainty Falls

Alan Greenspan, a former Federal Reserve chairman, said the U.S. economy will remain sluggish “until the uncertainty comes down” over issues such as tax rates.

Uncertainty is “large” and “you can see it not only in the corporate sector, but also in households,” Greenspan said today at the Securities Industry and Financial Markets Association annual meeting in New York. There’s a “tremendous deal of uncertainty on what the future tax rates are.”