Greenspan commented that he believes the US economy is not going to enter a recession. On the program he stated "The evidence so far, is not yet. The economy at this stage, despite this fiscal problem, despite the financial problem, is still holding up."

Alan Greenspan feels that more mortgage foreclosures in the US and abroad are inevitable. However, despite the sub-prime mortgage concerns he still believes the economy will avoid a recession.

In a separate interview with CNBC he commented that the Fed has to be very careful of allowing inflation to get out of control. He "The normal inflation level is closer to 5 percent than the current 2 percent," he noted, while saying that 5 percent is more typical of an economy who's currency is not fixed to the gold standard.