Greenspan Says U.S Can Weather Record Oil
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Record oil prices have taken a  "noticeable" toll on the U.S. economy but are not likely to  inflict the same level of pain as in the 1970s, Federal Reserve  Chairman Alan Greenspan said on Friday.
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Oil prices rallied to a record above $55 a barrel Monday on concerns over a winter fuel supply crunch, and as traders took comments from a top US official to mean high
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The persistence of bloated U.S. trade deficits over time can pose a risk to the U.S. economy, which thus far has proven resilient, Federal Reserve Chairman Alan Greenspan warned Friday. Policy-makers must not get lulled into a sense of complacency, he said.
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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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WASHINGTON - This year'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.    Greenspan delivered a generally upbeat assessment of the economy's ability to withstand this year's spike in oil prices, but he added a significant qualifier...
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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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Fed chief Alan Greenspan says energy prices are not yet a major economic threat, as oil touches $55 a barrel in New York.
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TORONTO (CP) - Bargain hunting and reassuring words from US Federal Reserve chairman Alan Greenspan about high energy costs lifted stock markets Friday even as oil prices hit a new record close.
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FRANKFURT, Germany - US Federal Reserve Chairman Alan Greenspan said Friday that large US trade deficits could burden the US economy in the long term but added that their effect on the plunging dollar is hard to predict.
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NEW YORK, October 20  - The US Federal Reserve Chairman, Alan Greenspan, does not expect the record high consumer debts and rising home prices to emerge as serious sustained threats to the US economy.
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NEW YORK - Stocks moved mostly higher Friday as a stronger than expected retail sales report showed that higher oil prices aren't scaring consumers away from spending. Federal Reserve Chairman Alan Greenspan's positive comments on oil prices also encouraged investors...
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Oil prices rallied to a record above  $55 a barrel Monday on concerns over a winter fuel supply  crunch, and as traders took comments from a top U.S. official  to mean high prices have yet to really dent U.S. demand.
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The world will be living with volatile oil prices for years to come, but this year&#39;s price spike should not be serious enough to push the country into a recession, Federal Reserve Chairman Alan Greenspan said on Friday.
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Federal Reserve Chairman Alan Greenspan said Wednesday the economy has "regained some traction" after a late spring slowdown that was triggered by a sharp spike in oil prices.
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Near-record oil prices will slow  U.S. economic growth but won't be enough to derail a  self-sustaining expansion, U.S. Federal Reserve officials said  on Monday.
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This year'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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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.