Greenspan upbeat on oil spike
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The world will be living with volatile oil prices for years to come, but this year&#39;s price spike should not be serious enough to push the country into a recession, Federal Reserve Chairman Alan Greenspan said on Friday.
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Investors embraced the Federal Reserve&#39;s upbeat assessment of the economy and a drop in crude oil futures Thursday, sending stocks higher in morning trading.
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Stocks advanced on Tuesday, buoyed by an optimistic outlook for technology shares and gains in oil prices that lifted energy shares.
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US Federal Reserve Board Chairman Alan Greenspan Wednesday gave a generally upbeat economic assessment to a congressional committee, saying the US economy seems over the last two months to have withstood the trauma of sharply rising energy prices.
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This year's oil price surge will not be a replay of the oil shocks of the 1970s and 1980s that sent the United States into a series of recessions, Federal Reserve Chairman Alan Greenspan said Friday.
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This year&#39;s oil price surge will not be a replay of the oil shocks of the 1970s and 1980s that sent the United States into a series of recessions, Federal Reserve Chairman Alan Greenspan said Friday.
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NEW YORK - A drop in oil prices and reassuring words from the Federal Reserve sent stocks higher Monday, raising hopes that Wall Street would be able to extend its recent rally.    Investors were cheered by a dip in oil prices, which backed off of the $50 per barrel mark at Friday's close of trading...
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Federal Reserve chairman Alan Greenspan will hog the limelight in financial markets this week as investors seek clues on how quickly U.S. interest rates will rise as soaring oil prices start to affect economic activity.
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U.S. stock futures signaled a slightly  higher open for stocks on Monday as investors welcomed an  easing of oil prices from a record high near $50 a barrel last  week.
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Stock index futures edged up on Friday before a government report that is expected to show 70,000 jobs were created last month, while oil prices hovering near $99 a barrel kept investors on edge.
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ALBUQUERQUE, N.M.  - High oil prices will probably  brake U.S. growth but will not derail the economy provided  there is not another sharp spike upward, a top Federal Reserve  policymaker said on Tuesday.
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U.S. stock futures rose steadily  throughout the morning, pointing to a higher market open on  Friday, as sliding oil prices were a welcome sign for investors  on the opening day of the fourth quarter.
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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.
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US central bank chief Alan Greenspan says the economy is emerging from a summer lull despite soaring oil prices.
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Alan Greenspan says oil prices will have to rise a lot more before they have a serious impact on the American economy. The Chairman of the US Federal Reserve Board told a Washington audience the impact of
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NEW YORK - Stocks rebounded moderately Friday as a stronger than expected retail sales report showed that higher oil prices aren't scaring consumers away from spending. Federal Reserve Chairman Alan Greenspan's positive comments on oil prices also encouraged investors, but the major indexes finished the week lower following sharp declines the previous two sessions...
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Oil extended gains above $71 on Friday,   buoyed by healthy U.S. economic growth that suggest recent   record-high prices may not hit robust demand for oil.