Greenspan Warns of Trade Deficit Risk
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Swollen trade deficits eventually could threaten the economy by souring foreign appetites to invest in the United States, Federal Reserve Chairman Alan Greenspan warned Friday. The dollar, already sliding, took another nosedive after his remarks.
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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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Federal Reserve chairman Alan Greenspan warns that prompt action is needed to fund pensions for the ageing US population.
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U.S. Federal Reserve Chairman Alan Greenspan said on Friday the United States should cut its budget gap to foster a more balanced pattern of global trade and avoid painful economic consequences.
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The weak U.S. dollar and a huge trade deficit eventually may cause dire economic problems for the country, Federal Reserve Chairman Alan Greenspan warned Friday.
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Federal Reserve chairman Alan Greenspan says the US is on track to stabilise and even reduce the trade deficit.
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Alan Greenspan came to the home of the euro today and warned anxious Europeans to expect little relief from the relentless decline of the dollar against their currency.
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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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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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Fed chairman Alan Greenspan says the US economy is continuing to grow, but  warns about inflation and the budget deficit.
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The dollar suffered a renewed bout of selling after US Federal Reserve chairman Alan Greenspan hinted that another depreciation in the US currency might be necessary to reduce the current account deficit.
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Investors' appetite for U.S. assets  will eventually dwindle and the United States must reduce its  budget deficit to prevent major economic damage, Federal  Reserve Chairman Alan Greenspan said on Friday, in remarks that  hit the dollar hard.
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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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The carry trade in which global investors have borrowed cheaply in yen to buy higher-yielding assets elsewhere has got to turn around, said former Federal Reserve Chairman Alan Greenspan on Wednesday.
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Trade Representative Susan Schwab on  Tuesday warned of a growing threat to U.S.-China trade  relations because of protectionist impulses in both countries.
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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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LONDON  - The dollar suffered a renewed bout of selling after US Federal Reserve chairman Alan Greenspan hinted that another depreciation in the US currency might be necessary to reduce the current account deficit.