Greenspan predicts years of oil uncertainty
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The world will be living with volatile oil prices for years to come, but this yearâs price spike should not be serious enough to push the US into a recession, US Federal Reserve Chairman Alan Greenspan said yesterday.
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Alan Greenspan chose the perfect moment to release his memoirs: the day before a high-stakes Federal Reserve policy meeting in the middle of a financial market crisis. Even the title of his book, The Age of Turbulence, looks uncannily - if not uncharacteristically - prescient.
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WASHINGTON : Soaring oil prices should inflict less damage on US economic growth and inflation than the 1970s oil shock, Federal Reserve chairman Alan Greenspan revealed.
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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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Alan Greenspan, once the world&#39;s top  central banker, said current credit turmoil reminded him of  1987 and 1998 market crises while policymakers in Sweden and  Norway saw it curbing growth in their strong economies.
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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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Alan Greenspan, the chairman of the Federal Reserve, said that America's trade deficit might be poised to stabilize and even fall because of market pressures.
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U.S. stocks tumbled on Friday as  investors were jolted by a surge in oil prices and comments by  Federal Reserve Chairman Alan Greenspan, who gave a stark  reminder that interest rates were bound to go higher and warned  that appetite for the dollar would dwindle.
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NEW YORKâCrude oil hit $55 (US) a barrel yesterday as traders worried over thin heating oil inventories ahead of winter and Federal Reserve Board chairman Alan Greenspan predicted the soaring costs would not crimp economic growth like in the 1970s.
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U.S. stocks dropped on Friday as  investors were jolted by a jump in oil prices and comments by  U.S. Federal Reserve Chairman Alan Greenspan, who gave a blunt  reminder that interest rates were bound to go up and warned the  appetite for U.S. assets would eventually dwindle.
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Greenspan charts our economic course in 'The Age of Turbulence.' An excerpt.
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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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THE WARNING: Federal Reserve Chairman Alan Greenspan cautioned that swollen trade deficits eventually could threaten the economy by souring foreign appetites for investment in the United States.
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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 upwards, a top Federal Reserve  policymaker said on Tuesday.
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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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When Alan Greenspan speaks, the markets listen. The 78-year-old chairman of the Federal Reserve Board has had dealers hanging on his every utterance for 17 years, ever since he took the job during the closing months of Ronald Reaganâs presidency.
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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.