Greenspan: Economy Has Regained Traction
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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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Stocks edged into positive territory on Tuesday after former Federal Reserve Chairman Alan Greenspan said that he was not worried about Chinese selling of U.S. Treasuries.
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American industry lifted output moderately in July, the Federal Reserve said, a sign the economy may be finding its feet after a mid-summer slip.
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Satisfied that the economy is back on track, the Federal Reserve is likely to increase interest rates today, and in December as well.
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Alan Greenspan, chairman of the Federal Reserve, said that the long-term outlook for global oil supplies is reassuring in spite of anxiety about dwindling reserves.
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Not much seems to trouble Federal  Reserve Chairman Alan Greenspan these days -- not oil at more  than $50 a barrel, record levels of consumer debt, nor a  possible U.S. housing bubble.
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Federal Reserve Chairman Alan  Greenspan said on Wednesday the U.S. economy entered 2005 in  good shape but warned fiscal discipline was essential to meet  future challenges.
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WASHINGTON - 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.    Greenspan's moderately upbeat forecast was likely to cement expectations that the central bank will raise interest rates for a third time when Fed policy-makers meet in two weeks...
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Former U.S. Federal Reserve Chairman Alan Greenspan told a Tokyo seminar on Thursday that he does not think economic slowdown in his country is "probable," toning down his earlier warning over a recession later this year.
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The U.S. economy is showing early  signs of stagflation as growth threatens to stall while food  and energy prices soar, former U.S. Federal Reserve Chairman  Alan Greenspan said on Sunday.
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Former Federal Reserve Chairman Alan Greenspan said on Monday the United States appears set to weather the bursting of a housing bubble without falling into recession.
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The economic expansion has firmed, yet inflation remains tame, Alan Greenspan, Federal Reserve chairman, said yesterday. That buttressed economists' views that the Fed for now will stick with its gradual approach to raising interest rates.
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Alan Greenspan said that the economic expansion had "regained some traction."
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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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WASHINGTON - The US economy is pulling out of the soft patch it went through earlier this year but shows no signs of accelerating inflation, Alan Greenspan, the US Federal Reserve chairman, says.
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Federal Reserve Chairman Alan Greenspan said today that U.S. economic growth has picked up since slowing sharply in the late spring.
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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."