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Greenspan Sees Turmoil Ahead

Former Fed chair doesn't think QE can end without disrupting financial markets.

By Matthew Boesler | Updated on October 29, 2014

Former Federal Reserve Chairman Alan Greenspan said he doesn’t think the Fed can unwind years of extraordinary stimulus without causing turmoil in financial markets.

“I don’t think it’s possible,” Greenspan said during an event today at the Council on Foreign Relations in New York, responding to a question about the likely market impact of the Fed’s exit.

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