Greenspan says economy shows &#39;some traction&#39;
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WASHINGTON - Federal Reserve Chairman Alan Greenspan said yesterday the economy has &quot;regained some traction&quot; after a late spring slowdown caused largely by high oil prices.
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Record consumer debt won't become ''destabilizing&quot; to the US economy so long as there isn't a ''significant fall&quot; in home prices or household incomes, an unlikely prospect, Federal Reserve chairman Alan Greenspan said.
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Alan Greenspan said the odds of a recession have grown since earlier this year, even though "the economy is not doing badly at this stage."
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U.S. stocks were little changed  shortly after Federal Reserve Chairman Alan Greenspan said on  Wednesday the U.S. economy entered 2005 in good shape but  warned fiscal discipline was essential to meet future  challenges.
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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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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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US central bank chief Alan Greenspan says the economy is emerging from a summer lull despite soaring oil prices.
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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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The U.S. economy is showing early signs of stagflation as growth threatens to stall while food and energy prices soar, former U.S. Federal Reserve Chairman Alan Greenspan said on Sunday.
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Federal Reserve Chairman Alan Greenspan said today that U.S. economic growth has picked up since slowing sharply in the late spring.
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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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(CBS/AP) Federal Reserve Chairman Alan Greenspan said Wednesday the economy has &quot;regained some traction&quot; after a late spring slowdown that was triggered by a sharp spike in oil prices.
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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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U.S. 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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The US banking system, having weathered a recession and the bankruptcies of several big corporations, is in very good shape, Federal Reserve chairman Alan Greenspan said yesterday.
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Stocks fell modestly Friday as Federal Reserve Chairman Alan Greenspan sounded a warning over the nation&#39;s spiraling trade deficit.
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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.