Rate cut has lowered recession risk: Greenspan
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Former Federal Reserve Chairman Alan Greenspan said in an interview that aired on Thursday the Fed's decision to cut interest rates this week had lowered the risk of a U.S. recession, although chances were still above one in three.
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TOKYO -- Former US Federal Reserve chairman Alan Greenspan said yesterday that he didn't think an economic downturn in his country was "probable," toning down his earlier warning over a recession later this year.
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Goldman Sachs on Wednesday said it expects the U.S. economy to drop into recession this year, prompting the Federal Reserve to slash benchmark lending rates to 2.5 percent by the third quarter.
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CHARLESTON, West Virginia  - The struggling economy may need more interest rate cuts to avoid a recession, Richmond Federal Reserve Bank President Jeffrey Lacker said on Tuesday.
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St. Louis Federal Reserve President William Poole on Friday dismissed fears that the U.S. economy was heading into a recession, and said there was no pressing need for the central bank to act against a falling stock market.
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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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The Federal Reserve cut a key short-term interest rate by a half-percentage point Wednesday, its second significant cut in just over a week, as the central bank tries to combat the growing risk of a U.S. recession.
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Federal Reserve Chairman Ben S. Bernanke yesterday signaled that the central bank will cut interest rates aggressively to try to prevent a serious economic downturn, using unusually direct and forceful language.
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St Louis Federal Reserve President  William Poole on Friday dismissed fears that the U.S. economy  was heading into a recession.
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U.S. Federal Reserve Chairman Alan  Greenspan said on Friday the United States should cut its  budget gap to foster a more balanced pattern of global trade  and avoid painful economic consequences.
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The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, cut a key interest rate by three-quarters of a percentage point on Tuesday
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Former Federal Reserve Chairman Alan Greenspan was quoted as saying on Thursday that a recession in the United States is possible, though not probable this year as inventory problems in the economy are being addressed quickly, Bloomberg reported.
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Bloomberg - Feb. 17 (Bloomberg) -- Republican presidential candidate John McCain said Federal Reserve Chairman Ben S. Bernanke should have been quicker to cut interest rates to try to avert a recession.
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Former Federal Reserve Chairman Alan Greenspan said the probability of a U.S. recession was now slightly more than a third, after he earlier in the year put the chances at one-third, The Wall Street Journal reported in its online edition on Monday.
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For the first time in more than four years, the Federal Reserve appears ready to lower interest rates to prevent a housing meltdown and a painful credit crunch from driving the economy into a recession.
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Former Federal Reserve chairman Alan Greenspan was quoted as seeing a "one-third probability" of recession in the United States this year, according to an interview with Bloomberg.
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Treasury Secretary Henry Paulson said on Tuesday he was confident the U.S. and global economies were resilient but welcomed an emergency rate  cut by the Federal Reserve as a helpful move.