Innovation is an essential ingredient to growing economies and living standards, but not for growing jobs, former Federal Reserve System Chairman Dr. Alan Greenspan said at a conference on innovation and technology in Washington this morning.

In a wide-ranging set of remarks, Greenspan also said that he did not think the U.S. economy would slip into a double-dip recession, but that underlying uncertainty among corporations and households and mounting concerns about the ability of European banks to deal with sovereign debts is having a direct effect on productivity growth. Keep reading →