Greenspan Seen Giving Few Clues on Rates
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Federal Reserve Chairman Alan Greenspan is expected to give the U.S. economy high marks but offer few fresh interest-rate clues when he presents the central bank's twice-yearly report to Congress this week.
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FED'S `OPEN' SEASON: In the past decade, normally taciturn Federal Reserve Chairman Alan Greenspan has opened up to more scrutiny the process by which the central bank sets interest rate policy.
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During the 18 1/2 years Alan Greenspan was chairman of the Federal Reserve, he scrupulously avoided forecasting recessions. Now it seems he can't stop using the R word, and that has created headaches for his successor, Ben Bernanke.
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The dollar traded little changed  against the euro on Wednesday as investors were cautious ahead  of Federal Reserve Chairman Alan Greenspan's two-day testimony  to Congress.
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Former Federal Reserve Chairman Alan Greenspan was quoted as saying on Thursday that a recession in the United States is possible, though not probable this year as inventory problems in the economy are being addressed quickly, Bloomberg reported.
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Wall Street is set for a flat start on  Wednesday after Federal Reserve minutes showed the central bank  is in no hurry to raise the cost of borrowing but raised  concerns about the strength of the U.S. economy.
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U.S. Treasury prices turned abruptly  lower on Friday after Federal Reserve Chairman Alan Greenspan,  in a highly unusual move, said those unprepared for higher  interest rates stood to lose money.
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Former U.S. Federal Reserve Chairman  Alan Greenspan promised on Friday to deliver surprises and  insights about the future in an eagerly awaited book, but he  gave little away for now beyond saying interest rates were low.
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U.S. stocks looked set to open around breakeven on Friday as markets await a speech from Federal Reserve Chairman Alan Greenspan and some economic data revisions for direction amid a dearth of corporate news.
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U.S. stocks slipped on Wednesday as  Federal Reserve Chairman Alan Greenspan, speaking before  Congress about the health of the economy, did little to quell  expectations for a rate hike later this month.
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Former Federal Reserve Chairman Alan Greenspan acknowledges he failed to see early on that an explosion of mortgages to people with questionable credit histories could pose a danger to the economy.
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US stock-index futures declined before Alan Greenspan&#39;s presentation to Congress, where the Federal Reserve chairman may restate his commitment to a ``measured&#39;&#39; increase in borrowing costs.
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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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The dollar barely moved on Tuesday as  most investors were reluctant to take positions ahead of an  address by the Federal Reserve chief that is expected to point  to further rises in U.S. interest rates this year.
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Financial markets ticked over ahead of a  key address by U.S. Federal Reserve Chairman Alan Greenspan on  Wednesday, expecting confirmation that interest rates in the  world's leading economy will go on rising at a moderate pace.
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U.S. interest rates are still "fairly low" after six straight increases, Federal Reserve Chairman Alan Greenspan said on Wednesday, warning that despite the economy's good health, fiscal discipline is vital.
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The dollar traded in narrow ranges on  Thursday as the market gave a muted reaction to Federal Reserve  Chairman Alan Greenspan's indication the previous day that U.S.  interest rates would continue to rise.