Fed chief: U.S. needs to deal with aging population
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Federal Reserve Chairman Ben  Bernanke on Wednesday warned lawmakers that as the country's  baby boomer generation ages, funding shortfalls to government  programs such as Medicare and Social Security will create an  unsustainable fiscal situation.
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China and other developing countries are demanding a bigger say in the aging institutions that superintend the world economy.
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The longer U.S. policy-makers delay in putting Social Security and Medicare on a sound fiscal footing, the greater the burden on future generations, Federal Reserve Chairman Ben Bernanke said on Wednesday.
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Older investors are facing tough economic realities as a result of the disappointing United States stock market this year.
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Federal Reserve Chairman Ben Bernanke renewed a warning to the U.S. Congress on Wednesday that failure to take action soon to prepare for the retirement of aging Baby Boomers could lead to serious economic harm.
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Federal Reserve Chairman Alan Greenspan&#39;s age and length of tenure must be taking its toll on his thinking processes and memory.
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The Fed chief said today that the central bank âstands ready to take additional actions as neededâ to limit the effect of the financial market disorder on the economy.
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The day is coming when the Social Security system won&#39;t be able to pay retired Americans, a nationally known economist warned Wednesday while visiting Decatur.
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Federal Reserve chief tells Senate panel that U.S. economy should begin to recover later this year.
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Federal Reserve Chairman Ben  Bernanke said on Thursday the central bank will act as needed  to help the struggling U.S. economy, but said the Fed has to be  mindful that growth should pick up later in the year.
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The United States economy faces a significant economic slowdown that should lead the Federal Reserve to ease interest rates, a senior O.E.C.D. official said today.
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The chairman of the Federal Reserve, Alan Greenspan, warned today that the Federal government might have to scale back promises to the elderly in programs like Social Security and Medicare.
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The chairman of the Federal Reserve Board, Alan Greenspan, warned that the government might have to scale back programs like Social Security and Medicare.
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JACKSON HOLE, Wyo  - Rising pressure on U.S.  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 Friday.
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Federal Reserve Chairman Alan Greenspan on Friday urged Washington policymakers to consider reducing future Social Security and Medicare benefits, saying that
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Federal Reserve chairman Alan Greenspan yesterday urged the federal government to reduce its budget deficit and encourage greater personal saving, warning that foreign investors will not finance endless growth in America's huge trade gap.
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WASHINGTON - The nation will face &quot;abrupt and painful&quot; consequences unless the government moves quickly to fix the finances of Social Security and Medicare, Federal Reserve Chairman Alan Greenspan said Friday.