Greenspan: Debt, home prices not dangerous
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The record level of debt carried by American households and soaring home prices do not appear to represent serious threats to the US economy, Federal Reserve Chairman Alan Greenspan said Tuesday.
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Federal Reserve Chairman Alan Greenspan told Congress on Wednesday that the economic expansion rolled into the new year at a respectable pace and that inflation &#151; while not an immediate threat &#151; is something policy-makers must continue to guard against.
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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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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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Ex-Federal Reserve chief Alan  Greenspan told a Stockholm audience on Friday he did not  believe he had caused the U.S. subprime crisis and had warned  of the risk in 2004, a person attending the event said.
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JACKSON HOLE, Wyo.  - An aging U.S. 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 on Friday.
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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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The world will be living with volatile oil prices for years to come, but this year's price spike should not be serious enough to push the country into a recession, Federal Reserve Chairman Alan Greenspan said Friday.
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There is little reason to fear a wholesale pullout by China out of U.S. government bonds, former Federal Reserve Chairman Alan Greenspan said on Tuesday.
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The US banking system is strong, having weathered a recession, large corporate bankruptcies and competition from other financial institutions, Federal Reserve Chairman Alan Greenspan said Tuesday.
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Alan Greenspan said the odds of a recession have grown since earlier this year, even though "the economy is not doing badly at this stage."
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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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"Because we can't forecast crises or events like the stock market crash in 1987 or 9/11, we must be prepared and capable of absorbing shocks"  Former U.S. Federal Reserve Chairman Alan Greenspan said on Friday that U.S. interest rates are low, but that rates are low all over the world. via Scotsman.com
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TOKYO -- Former US Federal Reserve chairman Alan Greenspan said yesterday that he didn't think an economic downturn in his country was "probable," toning down his earlier warning over a recession later this year.
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US Federal Reserve Chairman Alan Greenspan said on Tuesday that he did not foresee big price distortions developing in home prices and said Americans were handling their debts well.
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Record oil prices are unlikely to inflict the economic pain they did in the 1970s, Federal Reserve Chairman Alan Greenspan said on Friday, adding that he thought the world could adjust to higher-priced oil.
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Former Federal Reserve Chairman Alan Greenspan says the odds the U.S. will fall into a recession are "clearly rising" and he believes economic growth is "getting close to stall speed."