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Greenspan Cautious on Social Security Changes

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Greenspan Cautious on Social Security Changes

Economy

Greenspan Cautious on Social Security Changes

Greenspan Cautious on Social Security Changes

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  • <iframe src="https://www.npr.org/player/embed/4502016/4502017" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Federal Reserve Chairman Alan Greenspan testifies before the Senate Banking Committee on the economy, also addressing the idea of creating personal Social Security accounts. Greenspan said he supported the accounts, but expressed concern on how financial markets would react to the borrowing needed to launch them.