Greenspan, Fed Governors Warn on Spending as Succession Looms
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Federal Reserve Chairman Alan Greenspan says the growing US budget deficit could destabilize the economy. Fed Governor Susan Bies says Congress spends like it&#39;s dipping into a ``a cookie jar.
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Former Federal Reserve Chairman Alan  Greenspan said in an interview published on Monday the Fed  would have to raise interest rates to double-digit levels in  coming years to thwart inflation.
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Ben Bernanke has tried hard not to  follow his predecessor Alan Greenspan into the political arena  by commenting on fiscal policy, but the Federal Reserve chief  will find it difficult to stay above the fray this week.
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Federal Reserve Chairman Alan Greenspan delivered a blunt warning Friday that foreign investors might get sick of subsidizing the nation&#39;s widening trade and budget deficits, remarks that caused US financial markets to tremble.
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TOKYO (CBS.MW) - When it comes to the success of China&#39;s steps to slow down its booming economy, Federal Reserve Chairman Alan Greenspan and the International Monetary Fund are reading from different pages.
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NEW YORK, October 20  - The US Federal Reserve Chairman, Alan Greenspan, does not expect the record high consumer debts and rising home prices to emerge as serious sustained threats to the US economy.
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Federal Reserve Chairman Alan Greenspan said Friday that the country will face "abrupt and painful" choices if Congress does not move quickly to trim the Social Security and Medicare benefits that have been promised to the baby boom generation.
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A big overhang of property will bring  U.S. house prices down further, but it is too early to say if  the economy will plunge into recession, former Federal Reserve  chief Alan Greenspan was quoted as saying 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 into double digits, according to a report in the Wall Street Journal.
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Federal Reserve Chairman Alan Greenspan on Friday urged the federal government to reduce its budget deficit and encourage greater personal saving, warning that foreign investors
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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.
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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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Stock index futures fell on Friday ahead of monthly employment data seen as critical to the Federal Reserve's next policy decision, while former Fed chief Alan Greenspan signaled alarm about financial markets.
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The weak U.S. dollar and a huge trade deficit eventually may cause dire economic problems for the country, Federal Reserve Chairman Alan Greenspan warned Friday.
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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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FRANKFURT: Investorsâ appetite for US assets will eventually dwindle and the United States must reduce its budget deficit to prevent major economic damage, Federal Reserve Chairman Alan Greenspan has said, in remarks that hit the dollar hard.
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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.