Greenspan: Recession risk up
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Risks of a recession have increased,  but the Federal Reserve must be cautious in supporting the  economy because global forces that have kept inflation in check  are receding, former Fed Chairman Alan Greenspan said on  Monday.
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The U.S. banking system, having weathered a recession and the bankruptcies of several big corporations, is in very good shape, Federal Reserve Chairman Alan Greenspan said Tuesday.
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An unusually high degree of risk taking across asset classes made recent financial market turmoil all but inevitable, former Federal Reserve Chairman Alan Greenspan said on Sunday.
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Federal Reserve Chairman Alan Greenspan said Friday that higher oil prices have had a &quot;noticeable&quot; affect on the U.S. economy this year but are unlikely to cause serious damage unless they move significantly higher.
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WASHINGTON: An ageing US population will strain public finances and hurt the economy without swift fixes to the social safety net, such as raising the age for full retirement benefits, Federal Reserve Chairman Alan Greenspan said yesterday.
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Wall Street rises despite former Fed chief's 33% odds of recession.
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Investor's Business Daily - Ex-Fed chief Alan Greenspan doubts the central bank's ability to prevent a U.S. recession. He put the chances of a recession at 50%. He said real long-term rates have much more influence over economic activity than national decisions, while central banks have "less and less power to influence long-term rates." The Fed cut rates half a point 15 3% on Wed. after last week's emergency 75-basis-point cut.
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Don&#39;t sweat the debt: Along with benign inflation and rising home prices, Alan Greenspan says personal debt is no threat to the US economy.
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Former Federal Reserve Chairman Alan Greenspan said his successors at the U.S. central bank should act cautiously in lowering interest rates because of inflation risks, according to an interview published on Sunday.
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WASHINGTON - 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 Tuesday.
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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 said yesterday that higher oil prices have had a &quot;noticeable&quot; affect on the US economy this year but are not likely to cause serious damage unless they move significantly higher.
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A combination of  Alan Greenspan comments, state and local IT spending projections and IT CEO expectations raised questions as to how long and how serious the next recession may be.
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While Greenspan &amp; Co. hinted that growth could be more robust, it didn&#39;t stop the anticipated quarter-point rate increase.
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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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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.
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WASHINGTON: The US economy is pulling out of its recent soft patch and appears to be picking up steam, Federal Reserve chief Alan Greenspan said yesterday in remarks economists saw as cementing a September rate rise.