Greenspan Cautions on Baby Boomer Benefits
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JACKSON, Wyo. - Federal Reserve Chairman Alan Greenspan said Friday the country will face "abrupt and painful" choices unless Congress acts quickly to trim Social Security and Medicare benefits for the baby boom generation...
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Former Federal Reserve Chairman Alan Greenspan said in an interview published on Monday the Fed would have to raise interest rates to double-digit levels in coming years to thwart inflation.
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WASHINGTON - The nation will face &quot;abrupt and painful&quot; consequences unless the government moves quickly to fix the finances of Social Security and Medicare, Federal Reserve Chairman Alan Greenspan said Friday.
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Federal Reserve chairman Alan Greenspan yesterday urged the federal government to reduce its budget deficit and encourage greater personal saving, warning that foreign investors will not finance endless growth in America's huge trade gap.
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By Malcolm Moore, Economics Correspondent (Filed: 28/08/2004). The US may not be able to fund its pensions and healthcare commitments, and must make changes soon, Alan Greenspan, chairman of the Federal Reserve, warned yesterday.
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GREAT FALLS, Mont.  - President Bush warned on  Thursday that retirement benefits for younger workers were at  risk and conceded he faced a battle in Congress to win over  skeptics of his plan to remake the 70-year-old Social Security  system.
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More baby boomers, and others, now have more choices about their retirement savings.
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Former U.S. Federal Reserve Chairman  Alan Greenspan said on Monday he expected the dollar to stay  weak for the next few years and will continue to drift down,  weighed by the U.S. balance of payments deficit.
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Former Federal Reserve Chairman Alan Greenspan said yesterday that there is a "one-third probability" of a U.S. recession this year and that the current economic expansion won't have the staying power of its decade-long predecessor.
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TOKYO -- 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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The odds of a recession in the United  States are "clearly rising" due to the slowing rate of economic  growth, former Federal Reserve Chairman Alan Greenspan said in  an interview with National Public Radio.
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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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Federal Reserve chairman Alan Greenspan warns that prompt action is needed to fund pensions for the ageing US population.
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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 U.S. Federal Reserve Chairman Alan Greenspan said on Monday he expected the dollar to stay weak for the next few years and will continue to drift down, weighed by the U.S. balance of payments deficit.
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The chairman of the Federal Reserve warned today that the Federal government might have to scale back promises to the elderly.
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Former Federal Reserve chief Alan Greenspan said on Monday there is an increased risk of a recession but cautioned that the Fed must still be on guard for a rise in inflation.