U.S. slump possible, not probable: Greenspan quoted
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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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WASHINGTON - Stock markets in the United States dropped sharply Friday after Federal Reserve Board Chairman Alan Greenspan warned about the risks to the economy posed by continued high US trade deficits.
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NEW YORK, September 8 (New Ratings) - The Federal Reserve Chairman, Alan Greenspan, reportedly said today that the US economy has regained its foothold, following a downturn during the summer months due to the soaring oil prices.
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Former U.S. Federal Reserve Chairman  Alan Greenspan said on Wednesday he feared a &quot;dramatic  contraction&quot; in Chinese stocks but said the global economy may  be able to shrug off a drop in asset prices.
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While the U.S. economy is at some  risk of a slowdown, it will probably avoid a recession, and any  downturn is unlikely to be severe, Dallas Fed President Richard  Fisher said on Thursday.
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"I would tell audiences that we were facing not a bubble but a froth - lots of small, local bubbles that never grew to a scale that could threaten the health of the overall economy." Alan Greenspan, The Age of Turbulence.
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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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WASHINGTON : The upbeat outlook from Federal Reserve Chairman Alan Greenspan has failed to convince many economists, who argue that the United States is likely to see tepid growth at best in the near future.
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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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A big overhang of property will bring  U.S. house prices down further, but it is too early to say if  the economy will plunge into recession, former Federal Reserve  chief Alan Greenspan was quoted as saying on Friday.
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The upbeat outlook from Federal Reserve Chairman Alan Greenspan has failed to convince many economists, who argue that the United States is likely to see tepid growth at best in the near future.
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The impact of the current surgein oil prices, though noticeable, is likely to prove less consequential to economic growth and inflation than in the 1970s, US Federal Reserve Chairman Alan Greenspan said Friday.
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Investor's Business Daily - Ex-Fed chief Alan Greenspan doubts the central bank's ability to prevent a U.S. recession. He put the chances of a recession at 50%. He said real long-term rates have much more influence over economic activity than national decisions, while central banks have "less and less power to influence long-term rates." The Fed cut rates half a point 15 3% on Wed. after last week's emergency 75-basis-point cut.
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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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Federal Reserve Chairman Alan Greenspan said Friday that higher oil prices have had a &quot;noticeable&quot; affect on the U.S. economy this year but are unlikely to cause serious damage unless they move significantly higher.
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US Federal Reserve Chairman Alan Greenspan said on Tuesday that he did not foresee big price distortions developing in home prices and said Americans were handling their debts well.
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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.