Paulson says market woes will penalize growth
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The U.S. economy will be penalized by the current crisis in credit markets but the overall outlook was still benign, U.S. Treasury Secretary Henry Paulson said in a newspaper interview published on Thursday.
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Treasury Secretary Henry Paulson on Friday tried to wave off U.S. lawmakers' bid to tighten the screws on China over its currency policy by warning that it could make it harder to settle turbulent markets.
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Treasury Secretary Henry Paulson on  Friday said that it will take time to work through the problems  contributing to current financial market turmoil but expressed  confidence U.S. growth will not be derailed.
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The Treasury secretary said that turmoil in the worldâs financial markets could continue for some time, but he cautioned against hasty introduction of new regulations.
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Â· Markets braced for falls after Wall Street slump  Â· Period of slower growth sparks fears of trade war
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Federal Reserve Chairman Ben Bernanke has warned the outlook for the US economy is deteriorating.
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U.S. Treasury Secretary Henry Paulson said on Tuesday trade protectionism was on the rise despite strong global prosperity and warned it was a potentially dangerous trend.
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Business & money: Fed chair says downturn will worsen before it improves and pledges action over sub-prime mortgage abuse.
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Hedge fund manager John Paulson, who earned billions of dollars last year by betting against the housing market, said on Tuesday that former Federal Reserve board chairman Alan Greenspan will advise his firm.
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Bank of England chief Mervyn King warns that UK economy will suffer from slowing growth and inflation risks.
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The chairman of the U.S. Federal Reserve on Thursday threw his weight behind proposals for near-term actions to stimulate economic growth to ward off an election-year recession, but warned such a plan could do more harm than good unless put together quickly.
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U.S. Treasury Secretary Henry Paulson on  Wednesday predicted stable growth for the U.S. economy but he  made no remarks on the yen or financial markets which are  jittery after more than a week of turmoil.
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Strained by an ailing housing market and credit woes, the economy in 2007 is expected to log its worst growth in five years and should be somewhat sluggish next year.
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Treasury Secretary Henry Paulson said on Tuesday that the U.S. economy remains resilient and has healthy long-term fundamentals, but has slowed "materially" in recent weeks and needs a short-term stimulus.
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Global economic growth is likely to be dampened by the turbulence on world markets, the IMF says.
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The United States is experiencing a "significant" housing market downturn but the economy is fundamentally sound and should avoid recession, Treasury Secretary Henry Paulson will tell Congress on Thursday.
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Treasury Secretary Henry Paulson on Wednesday stood by his view that the U.S. economy will avoid recession this year and said the Treasury will act quickly to distribute tax rebate payments.