Greenspan: Economy Regaining Some Traction
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Federal Reserve Chairman Alan Greenspan said Wednesday the economy has "regained some traction" after a late spring slowdown that was triggered by a sharp spike in oil prices.
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Federal Reserve Chairman Alan Greenspan will cement forecasts for higher US interest rates when he speaks on Wednesday after August jobs data backed his view that growth is back on solid ground, economists said.
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Federal Reserve chairman Ben S. Bernanke said stock markets "seem to be working well" after yesterday's global rout and the central bank still expects the U S economy to pick up.
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WASHINGTON - The US economy is pulling out of the soft patch it went through earlier this year but shows no signs of accelerating inflation, Alan Greenspan, the US Federal Reserve chairman, says.
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While Greenspan &amp; Co. hinted that growth could be more robust, it didn&#39;t stop the anticipated quarter-point rate increase.
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Investors were unmoved by Federal Reserve Chairman Alan Greenspan's improved assessment of the economy, and stocks remained mixed today in light trading.
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Alan Greenspan said the odds of a recession have grown since earlier this year, even though "the economy is not doing badly at this stage."
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Former Federal Reserve Chairman Alan Greenspan says the odds the U.S. will fall into a recession are "clearly rising" and he believes economic growth is "getting close to stall speed."
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(CBS/AP) Federal Reserve Chairman Alan Greenspan said Wednesday the economy has &quot;regained some traction&quot; after a late spring slowdown that was triggered by a sharp spike in oil prices.
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Record oil prices have taken a  "noticeable" toll on the U.S. economy but are not likely to  inflict the same level of pain as in the 1970s, Federal Reserve  Chairman Alan Greenspan said on Friday.
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Federal Reserve Chairman Alan Greenspan said Friday that higher oil prices have had a &quot;noticeable&quot; affect on the U.S. economy this year but are unlikely to cause serious damage unless they move significantly higher.
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Federal Reserve Chairman Alan Greenspan told Congress on Wednesday that the economy has "regained some traction" after a lull in late spring, reinforcing expectations of higher interest rates during the final stretch of the presidential campaign.
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The economic expansion has firmed, yet inflation remains tame, Federal Reserve Alan Greenspan said Wednesday. That buttressed economists' view that the Fed for now will stick with its gradual approach to raising interest rates.
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Federal Reserve chairman Alan Greenspan appeared to clear the path for another rise in US interest rates yesterday when he delivered a moderately upbeat assessment of the country&#39;s economy which has slowed in recent months because of high oil prices.
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THE US banking system is in very good shape after weathering a recession and several big bankruptcies, according to Federal Reserve chairman Alan Greenspan.
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Don&#39;t sweat the debt: Along with benign inflation and rising home prices, Alan Greenspan says personal debt is no threat to the US economy.
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Federal Reserve Chairman Alan  Greenspan said on Tuesday that better management of banking  risk and new rules on capital hold the promise of a stronger  banking system contributing more to economic growth.