Greenspan Sees Rebound After ‘Pretty Awful’ U.S. Second Quarter

The coronavirus is having a profound effect on the U.S. economy, but it should be able to stage a strong comeback, said former Federal Reserve Chairman Alan Greenspan.

“The second quarter is pretty awful,” he told David Westin in a telephone interview with Bloomberg Television on Tuesday. “But if the issue of the virus works its way as we expect, we probably have a very strong third quarter. But my concern is the fourth quarter and beyond.”