Greenspan that the United States secondary

Greenspan that the United States secondary mortgage market crisis triggered financial market turmoil is eased, the market started to restore normalcy, the Americans right to maintain a cautious attitude toward the economy, but without tension.

He also said that Fed officials and Members of Parliament, not the need to avoid economic decline and to take action, because the American economy can be self-adjusting.

Moreover, he considered that there was no evidence that the dollar decline is triggering a rise in inflation, long-lasting usually only currency will trigger inflation. The second quarter economic growth of 3.8%, but analysts forecast third-quarter economic growth will decline by a wide margin.

The 81-year-old Greenspan from August 1987 to January 2006 as the Fed Chairman. He recently repeated media interviews, but also to the marketing campaign last month he published his memoirs "of the turmoil."