Greenspan points to market 'fear'
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Current financial turmoil is similar to that seen in earlier stock market crashes, former Federal Reserve boss Alan Greenspan warns.
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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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Wall Street is being spooked by the wrong fear. The 'I' word is scarier
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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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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.
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Former Federal Reserve Chairman Alan Greenspan warns in his memoir that if the Fed is to keep the inflation rate between 1 and 2 percent in coming years it could be required to force interest rates much higher, according to a report in the Wall Street Journal.
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China's stock plunge and Greenspan's gloomy words helped spook investors. But opinions on the economy's future are divided
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Wall Street stocks traded sharply lower Friday after Federal Reserve Chairman Alan Greenspan gave a warning over the nation&#39;s spiraling trade deficit.
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Federal Reserve Chairman Alan Greenspan shook financial markets yesterday with a warning that foreign nations may tire of financing the huge US trade and budget deficits.
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Former Federal Reserve Chairman Alan Greenspan said his successors at the U.S. central bank should be cautious about cutting interest rates because of inflation risks, and he forecast home prices will drop further, according to interviews published on Sunday.
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FRANKFURT: Investorsâ appetite for US assets will eventually dwindle and the United States must reduce its budget deficit to prevent major economic damage, Federal Reserve Chairman Alan Greenspan has said, in remarks that hit the dollar hard.
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Wary financial markets will listen for any hint from Federal Reserve Chairman Alan Greenspan on Wednesday that a pause in interest-rate rises may be near while lawmakers try to enlist him in the struggle over Social Security reform.
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Alan Greenspan says oil prices will have to rise a lot more before they have a serious impact on the American economy. The Chairman of the US Federal Reserve Board told a Washington audience the impact of
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Former Federal Reserve chairman Alan Greenspan is hitting the airwaves promoting his new book, but his comments in recent interviews about the possibility of a recession might be scarier to IT folks than anything in the new tome.
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Federal Reserve Chairman Alan Greenspan on Friday urged the federal government to reduce its budget deficit and encourage greater personal saving, warning that foreign investors
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U.S. stocks fell sharply on Friday as investors were jolted by a more than &#36;2 increase in oil prices, while Federal Reserve Chairman Alan Greenspan gave a stark reminder that interest rates were bound to go higher and warned the appetite for the dollar would dwindle.
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Alan Greenspan, Federal Reserve chairman, argued with leading real estate analysts who concern that potential buyers have become victims in a speculative property bubble that Federal Reserve is partly in charge for such situation.