Greenspan Not Too Worried by the Rise in Energy Prices
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Alan Greenspan, chairman of the Federal Reserve, said that the long-term outlook for global oil supplies is reassuring in spite of anxiety about dwindling reserves.
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Stocks were little changed on Tuesday after Federal Reserve Chairman Ben Bernanke's latest warning about the risk of inflation countered a rise in energy shares on higher oil prices.
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Don&#39;t sweat the debt: Along with benign inflation and rising home prices, Alan Greenspan says personal debt is no threat to the US economy.
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Don't panic over rising interest rates.
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U.S. stocks rose modestly on Tuesday as energy shares advanced on higher oil prices and offset a warning from Federal Reserve Chairman Ben Bernanke about the risk of inflation.
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U.S. stocks finished almost flat on  Wednesday, as energy companies' shares rose after crude shot  above $48 a barrel, but financial stocks fell after Alan  Greenspan cautioned that interest rates could still go higher.
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Rising oil prices are unlikely to deal a major blow to global economic growth although the trend may seem &quot;uncomfortable,&quot; a researcher with the International Monetary Fund says.
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WASHINGTON - 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.    Greenspan's moderately upbeat forecast was likely to cement expectations that the central bank will raise interest rates for a third time when Fed policy-makers meet in two weeks...
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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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The record level of debt carried by American households and soaring home prices do not appear to represent serious threats to the US economy, Federal Reserve Chairman Alan Greenspan said Tuesday.
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NEW YORK - Investors were unmoved by Federal Reserve Chairman Alan Greenspan's improved assessment of the economy, with stocks falling modestly Wednesday in light trading.    While Greenspan said the economy has "regained some traction" after the summer's slowdown, he echoed Wall Street's concerns over energy prices, which have fallen from record highs in recent weeks but stubbornly remain above $40 per barrel...
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There is little reason to fear a  wholesale pullout by China out of U.S. government bonds, former  Federal Reserve Chairman Alan Greenspan said on Tuesday.
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NEW YORK Investors were unmoved by the Federal Reserve chairman Alan Greenspan&#39;s improved assessment of the economy or by a steep drop in oil prices, leaving stocks marginally mixed Wednesday in light trading.
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The economic expansion has firmed, yet inflation remains tame, Alan Greenspan, Federal Reserve chairman, said yesterday. That buttressed economists' views that the Fed for now will stick with its gradual approach to raising interest rates.
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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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Rising energy prices over the last  five years raise risks of higher inflation expectations, but  the underlying trend of inflation does not appear to be higher,  Federal Reserve Governor Frederic Mishkin said on Saturday.
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Record oil prices are unlikely to  inflict the economic pain they did in the 1970s, Federal  Reserve Chairman Alan Greenspan said on Friday, adding that he  thought the world could adjust to higher-priced oil.