Greenspan calls for action on retirement deficits
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Federal Reserve Chairman Alan Greenspan warned Friday that the nation faces &quot;abrupt and painful&quot; choices if policy-makers don&#39;t act soon to head off looming insolvencies in Medicare and Social Security.
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Rising pressure on US finances from an aging population make it vital quickly fix the social safety net with such steps as raising the age for full retirement benefits, Federal Reserve Chairman Alan Greenspan said on
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Prompt action is needed to fund pensions for the ageing US population, the head of Federal Reserve has said. Alan Greenspan told a Fed-sponsored symposium that workers face the prospect of either higher taxes or a raised retirement age.
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Former Federal Reserve Chairman Alan  Greenspan on Thursday said the U.S. economy is "clearly on the  edge" of a recession.
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Former Federal Reserve Chairman Alan Greenspan warns in his memoir that if the Fed is to keep the inflation rate between 1 and 2 percent in coming years it could be required to force interest rates into double digits, according to a report in the Wall Street Journal.
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The likelihood of the economy slipping into recession is at least 50 percent, former Federal Reserve Chairman Alan Greenspan was quoted on Wednesday as saying.
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By Malcolm Moore, Economics Correspondent (Filed: 28/08/2004). The US may not be able to fund its pensions and healthcare commitments, and must make changes soon, Alan Greenspan, chairman of the Federal Reserve, warned yesterday.
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Former Federal Reserve Chairman Alan Greenspan on Thursday said the U.S. economy is "clearly on the edge" of a recession.
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Federal Reserve Chairman Alan Greenspan roiled financial markets Friday, saying a widening US trade deficit could scare off foreign investors and dampen the US economy.
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Former U.S. Federal Reserve Chairman  Alan Greenspan said on Monday he expected the dollar to stay  weak for the next few years and will continue to drift down,  weighed by the U.S. balance of payments deficit.
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President Bush said on Wednesday a  renewed drive to cut U.S. budget deficits should help the weak  dollar and that Tuesday's Federal Reserve interest-rate hike  showed Alan Greenspan's awareness of the greenback's plight.
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Market forces and likely action by  Washington to cut its budget deficit "appear poised" to  stabilize, and perhaps cut, the record U.S. trade gap, Federal  Reserve Chairman Alan Greenspan said on Friday.
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Alan Greenspan, former chairman of the Federal Reserve, suggested Sunday that a tax break or other government financial help for homeowners facing the mortgage crunch would be the best political fix for the economy.
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Federal Reserve Chairman Alan Greenspan on Friday urged Washington policymakers to consider reducing future Social Security and Medicare benefits.
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The Federal Reserve Chairman Friday urged the federal government to reduce its budget deficit and to encourage greater personal saving.
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Market forces and promised action by  Washington to cut its budget deficit look set to stabilize, and  could cut, the record U.S. trade gap, Federal Reserve Chairman  Alan Greenspan said on Friday.
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Former Federal Reserve Chairman Alan Greenspan warns in his memoir that if the Fed is to keep the inflation rate between 1 and 2 percent in coming years it could be required to force interest rates much higher, according to a report in the Wall Street Journal.