US economy regains footing; Fed Chairman optimistic
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NEW YORK, September 8 (New Ratings) - The Federal Reserve Chairman, Alan Greenspan, reportedly said today that the US economy has regained its foothold, following a downturn during the summer months due to the soaring oil prices.
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WASHINGTON - Federal Reserve Chairman Alan Greenspan said yesterday the economy has &quot;regained some traction&quot; after a late spring slowdown caused largely by high oil prices.
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The US economy performed better than first expected in the three months to 30 September, revised figures show.
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Federal Reserve Governor Susan Bies on Thursday delivered an upbeat assessment of the U.S. economy, saying both the household and business sectors appeared to be in good shape.
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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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With the US economy picking up steam, the year&#39;s fourth straight interest-rate hike looked like a certainty at Wednesday&#39;s meeting of the Federal Reserve&#39;s Open Market Committee, economists said.
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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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&quot;The economy is doing reasonably well,&quot; says Fed chief Alan Greenspan. &quot;Despite the rise in oil prices through mid-August, inflation and inflation expectations have eased in recent months.
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Federal Reserve Chairman Alan Greenspan told Congress yesterday that the economy has &quot;regained some traction&quot; after a lull in late spring, reinforcing expectations of higher
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US economic growth is set to quicken as a healthy jobs market offsets weakness in the housing sector, a survey predicts.
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Federal Reserve chairman Alan Greenspan says the US is on track to stabilise and even reduce the trade deficit.
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Federal Reserve Chairman Ben S. Bernanke told Congress yesterday that the markets were "working well" and the outlook for the U.S. economy was upbeat a day after Wall Street suffered its steepest decline in nearly four years.
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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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The US banking system, having weathered a recession and the bankruptcies of several big corporations, is in very good shape, Federal Reserve chairman Alan Greenspan said yesterday.
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Federal Reserve Chairman Ben Bernanke expressed confidence on Wednesday in the health of the U.S. economy despite a housing slowdown, but warned of risks to the current generally benign outlook for inflation.
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Ben Bernanke on Tuesday fuelled market expectations of a vigorous bounce-back in US growth in the second quarter following very weak first-quarter growth.
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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.