Greenspan: Economy Expands at Solid Pace
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Federal Reserve Chairman Alan Greenspan told Congress on Wednesday that the economic expansion rolled into the new year at a respectable pace and that inflation &#151; while not an immediate threat &#151; is something policy-makers must continue to guard against.
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The US banking system, having weathered a recession and the bankruptcies of several big corporations, is in very good shape, Federal Reserve chairman Alan Greenspan said yesterday.
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The economy grew more rapidly than   originally reported in the second quarter but an inflation   gauge was slightly lower, a government report said on   Wednesday, suggesting the Federal Reserve may be able keep   interest rates steady.
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The U.S. economy is on track for sustainable above-trend growth, and with monetary policy still accommodative, interest rates will keep rising,  San Francisco Federal Reserve Bank President Janet Yellen said on Friday.
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Federal Reserve chairman Alan Greenspan appeared to clear the path for another rise in US interest rates yesterday when he delivered a moderately upbeat assessment of the country&#39;s economy which has slowed in recent months because of high oil prices.
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The US banking system is strong, having weathered a recession, large corporate bankruptcies and competition from other financial institutions, Federal Reserve Chairman Alan Greenspan said Tuesday.
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Alan Greenspan said the odds of a recession have grown since earlier this year, even though "the economy is not doing badly at this stage."
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The US economy is growing robustly, despite a slowing housing sector, although inflation remains above the central bank's comfort level, two top Federal Reserve officials said yesterday.
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Federal Reserve Chairman Alan  Greenspan said on Tuesday that better management of banking  risk and new rules on capital hold the promise of a stronger  banking system contributing more to economic growth.
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The U.S. economy grew at a stronger  than expected pace during the final quarter of last year,  boosted by robust spending and slowing inflation that more than  offset the biggest decline in residential investment in 15  years, a government report on Wednesday showed.
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The outlook for the US economy in the coming quarters is favourable despite a continued fall in personal savings, US Federal Reserve Chairman Alan Greenspan was quoted as saying on Saturday.
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The U.S. banking system, having weathered a recession and the bankruptcies of several big corporations, is in very good shape, Federal Reserve Chairman Alan Greenspan said Tuesday.
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The U.S. economy is growing robustly   despite a slowing housing sector, although inflation remains   above the central bank's comfort level, two top Federal Reserve   officials said on Monday.
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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 came as the nation entered the final two months of an election battle in which President Bush and Democratic challenger John Kerry have widely different views on how the economy is performing at present...
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Federal Reserve Chairman Alan Greenspan told Congress on Wednesday that the economy has &quot;regained some traction&quot; after lull in late spring, reinforcing expectations of higher interest rates when the presidential campaign enters its final stretch.
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The US economy grew at a healthy 3.7% annual rate in the third quarter this year, bolstered by strong consumer spending and accompanied by the lowest inflation in decades, the Commerce Department said Friday.
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The U.S. economy is growing well, inflation is well contained and the Federal Reserve will raise interest rates at a measured pace to keep a lid on price pressures, Federal Reserve Governor Susan Bies said on Monday.