Fed chief warns of &#39;painful&#39; decisions
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WASHINGTON - The nation will face &quot;abrupt and painful&quot; consequences unless the government moves quickly to fix the finances of Social Security and Medicare, Federal Reserve Chairman Alan Greenspan said Friday.
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The Federal Reserve will do whatever is necessary to prevent damage to the economy from the credit crunch that has gripped Wall Street, a Fed official said Monday, warning it will take time for financial markets to fully recover from the strains.
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San Francisco Federal Reserve  Bank President Janet Yellen said on Monday that the current  turmoil in financial markets has added &quot;appreciably&quot; to  downside risks for the U.S. economy.
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A sputtering job market has convinced economists at key U.S. investment banks that the Federal Reserve will need to resort to a steeper half-percentage point interest rate cut when it meets later this month.
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Federal Reserve Chairman Ben Bernanke on Thursday threw his weight behind proposals for near-term actions to stimulate economic growth to ward off an election-year recession -- but warned such a plan could do more harm than good unless put together quickly.
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Many argue that with the stock market falling and the economy flirting with recession, the Fedâs chairman should be more aggressive than he has been so far.
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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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Ben Bernanke, the chairman of the Federal Reserve, warns of the continuing pressures of inflation on the world's largest economy.
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Federal Reserve Chairman Ben Bernanke has warned the outlook for the US economy is deteriorating.
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Federal Reserve Chairman Alan Greenspan said today that the country will face "abrupt and painful" choices if Social Security and Medicare benefits are not trimmed.
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US Federal Reserve chairman Ben Bernanke warns that the outlook for the US economy is deteriorating.
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Fed chief tells Congress inflation is too high, a sure sign he won't be lowering interest rates any time soon.
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Federal Reserve Chairman Ben Bernanke is likely to tell Congress this week the central bank is more worried U.S. inflation will flare than it is that housing market turbulence will seriously damage the economy.
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Former Federal Reserve Chairman Alan Greenspan said his successors at the U.S. central bank should act cautiously in lowering interest rates because of inflation risks, according to an interview published on Sunday.
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ST. LOUIS  - The Federal Reserve is monitoring growth and inflation risks and it is too soon to tell if housing troubles will push the economy into recession, one of its top policy-makers said on Wednesday.
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Federal Reserve Chairman Alan Greenspan delivered a blunt warning Friday that foreign investors might get sick of subsidizing the nation&#39;s widening trade and budget deficits, remarks that caused US financial markets to tremble.
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LONDON -- Some of the world's major central bankers warned the United States that the international community could be running out of patience with the massive US budget and trade deficits that have pushed the dollar lower and increased the cost of their exports in America.