Greenspan Minimizes Impact of Costly Oil
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Federal Reserve Chairman Alan Greenspan said yesterday that higher oil prices have had a &quot;noticeable&quot; affect on the US economy this year but are not likely to cause serious damage unless they move significantly higher.
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NEW YORKâCrude oil hit $55 (US) a barrel yesterday as traders worried over thin heating oil inventories ahead of winter and Federal Reserve Board chairman Alan Greenspan predicted the soaring costs would not crimp economic growth like in the 1970s.
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The world will be living with volatile oil prices for years to come, but this year&#39;s price spike should not be serious enough to push the country into a recession, Federal Reserve Chairman Alan Greenspan said on Friday.
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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.
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LINCOLN, Neb.  - Record oil prices will only exert  a modest impact on U.S. growth which looks set for a solid  performance over the next 18 months, Federal Reserve Bank of  Kansas City President Thomas Hoenig said on Wednesday.
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ALAN GREENSPAN, Chairman of the US Federal Reserve, undercut lingering hopes of staging an operation to support the dollar at a meeting of bankers in Frankfurt yesterday
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Oil settled at a one-month low on Tuesday amid intensifying worry a weak U.S. economy could trigger a global slowdown in energy demand.
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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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Oil prices ended lower on Tuesday on  signs that high energy costs are slowing the economic growth  that has fueled this year's sharp increase in world oil  consumption.
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The Chairman of the US Federal Reserve, Alan Greenspan, says he believes the current surge in global oil prices will not have the same impact on economic growth and inflation as the energy crisis of the 1970s.
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Insatiable foreign demand for dollar  holdings will eventually fall and help reduce the massive  shortfall in the U.S. current account as investors diversify,  U.S. Federal Reserve Chairman Alan Greenspan said on Friday in  remarks that landed hard on the dollar.
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Federal Reserve chairman Alan Greenspan  will hog the limelight in financial markets this week as  investors seek clues on how quickly U.S. interest rates will  rise as soaring oil prices start to affect economic activity.
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TORONTO (CP) - Bargain hunting and reassuring words from US Federal Reserve chairman Alan Greenspan about high energy costs lifted stock markets Friday even as oil prices hit a new record close.
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With record-breaking oil prices nearing $55 a barrel, just about everyone last week was worrying about them -- everyone, that is, except Fed Chairman Alan Greenspan.
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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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Record oil prices are having a limited impact on the global economy but the risk of economic disruption remains high, the head of the International Monetary Fund said Thursday.
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WASHINGTON : Soaring oil prices should inflict less damage on US economic growth and inflation than the 1970s oil shock, Federal Reserve chairman Alan Greenspan revealed.