U.S. recession "not a sure thing": Feldstein
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The probability of the U.S. economy sliding into a recession is now over 50 percent, but it is not a sure thing, National Bureau of Economic Research President Martin Feldstein said on Thursday.
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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 Federal Reserve is moving out of a  two-year stretch of &quot;unusual certainty&quot; surrounding the upward  course of U.S. interest rates and the central bank&#039;s  communication of monetary policy, New York Federal Reserve Bank  President Timothy Geithner said on Wednesday.
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Skeptical economists and a worried public question whether the rebates for more than 130 million Americans and tax breaks for businesses will be quick enough or effective enough to avert a recession
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Federal Reserve survey shows uncertainties over energy prices, global terrorism and the presidential election among reasons businesses continue to hold back on hiring, investment.
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Higher oil prices and a weaker U.S. economy have raised doubts about the durability of Germany's export-driven economic recovery, the country's banking association said in a report Thursday.
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Despite remarkably quick passage, the economic aid plan and its cash rebates may come too late to prevent a recession this year. For many experts, however, the $168 billion boost to the lagging economy may mean the difference between a short downturn and something much more serious.
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Former Federal Reserve Chairman Alan Greenspan said the probability of a U.S. recession was now slightly more than a third, after he earlier in the year put the chances at one-third, The Wall Street Journal reported in its online edition on Monday.
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ST. LOUIS  - U.S. inflation expectations are "quite well anchored," giving the Federal Reserve breathing room for further possible rate cuts, but there is no clear evidence that a recession is at hand, a top Fed policy-maker said on Wednesday.
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Former Federal Reserve Chairman Alan  Greenspan on Thursday said the U.S. economy is "clearly on the  edge" of a recession.
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The U.S. economy may be in recession,  based on Midwest manufacturing data, a report said on Thursday.
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The U.S. economy this month has fallen into a recession, which should last for the next four to five months, Bill Gross, chief investment officer of the world's largest bond fund manager, told the Financial Times.
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Treasury Secretary Henry M. Paulson acknowledged the United States is experiencing a âsignificantâ housing market downturn but the economy should avoid recession.
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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.
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Former Federal Reserve Chairman Alan Greenspan on Thursday said the U.S. economy is "clearly on the edge" of a recession.
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Federal Reserve Bank officials said on  Monday financial turmoil has increased risks facing the U.S.  economy, but comments by others suggested there was still  debate about how quickly the central bank would need to act.
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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.