June 24 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said financial market turmoil may continue into next year, though Fed efforts in March to revive credit have reduced the instability.
``Things do at this particular stage look a little better,'' Greenspan said via satellite today to a conference in Johannesburg. Still, ``this crisis I fear is going to be with us for a while,'' either for a ``good number of months or into next year,'' he said.
Greenspan's successor, Chairman Ben S. Bernanke, today convenes a two-day meeting of the Federal Open Market Committee, which economists expect will leave the benchmark interest rate unchanged at 2 percent after seven cuts since September. Fed officials are trying to revive economic growth as inflationary pressure rises because of surging commodity prices.
``Data suggests we are on the brink'' of a recession in the U.S., Greenspan said. The next year will be ``a very sluggish period,'' with a ``highly volatile oil market.''
more
www.malaymail.com/news/world/2026/01/11/bomb-attac…
BANGKOK, Jan 11 — A series of late-night bomb attacks targeted 11 PTT petrol stations in Thailand’s southern border provinces of Narathiwat, Pattani and Yala…
www.khaama.com/at-least-eight-refugees-die-37-resc…
At least eight refugees died and 37 were rescued when their boat sank off Badmeli near Izmir, Turkish authorities said on Saturday.
katu.com/news/local/oregon-confirms-first-measles-…
Health officials in Oregon have confirmed the state's first measles cases of 2026, with two people diagnosed in Linn County.
abc11.com/post/measles-north-carolina-state-report…
Measles in North Carolina: State reports 5th case linked to South Carolina surge
