BizBeat Ep. 566: Alan Greenspan: Slim chance of soft landing for U.S. economy
Alan Greenspan, former chair of the U.S. Federal Reserve, recently commented that the U.S. economy is unlikely to avoid recession. Greenspan is known for his seven rate hikes in 1994 that curbed inflation and secured a soft landing for the U.S. economy. But why has current Fed Chair Jerome Powell been unable to replicate Greenspan's success? In this episode of BizBeat, CGTN's Kate Kui explains.