Greenspan says didn't see subprime storm brewing
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Former Federal Reserve Chairman Alan Greenspan said he was late to see the storm gathering around mortgage lending practices and commended his successor Ben Bernanke's handling of the crisis, saying he would likely be responding in a similar fashion.
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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.
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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.
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Don&#39;t sweat the debt: Along with benign inflation and rising home prices, Alan Greenspan says personal debt is no threat to the US economy.
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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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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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U.S. stock futures were nearly  unchanged on Friday as markets await an indication of the  economy's health from key data and a speech from Federal  Reserve Chairman Alan Greenspan.
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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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US Federal Reserve (Fed) Chairman Alan Greenspan said Tuesday the record level of debt being carried by US households does not appear to represent a serious threat to the US economy.
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Problems in the U.S. subprime mortgage market are unlikely to push the U.S. economy into a recession over the next 12 months, the top economist for a leading U.S. business group said on Tuesday.
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WASHINGTON : The United States is &quot;most unlikely&quot; to suffer a housing bubble despite an extraordinary rise in prices, 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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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."
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The Fed Chairman struck a familiar chord but showed some concern that subprime woes may spill into the broader economy.
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Policy-makers assured nervous investors on Friday that the United States was not heading into recession and stock market losses did not warrant central bank intervention.
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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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The record level of debt being carried by American households and soaring home prices do not appear to represent serious threats to the U.S. economy, Federal Reserve Chairman Alan Greenspan said Tuesday.