Greenspan: Recession risk up
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Risks of a recession have increased, but the Federal Reserve must be cautious in supporting the economy because global forces that have kept inflation in check are receding, former Fed Chairman Alan Greenspan said on Monday.
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WASHINGTON: An ageing US population will strain public finances and hurt the economy without swift fixes to the social safety net, such as raising the age for full retirement benefits, Federal Reserve Chairman Alan Greenspan said yesterday.
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The world will be living with volatile oil prices for years to come, but this year's price spike should not be serious enough to push the country into a recession, Federal Reserve Chairman Alan Greenspan said Friday.
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San Francisco Federal Reserve Bank President Janet Yellen said on Monday that financial turmoil had "appreciably" increased risks facing the U.S. economy, but other Fed officials said it was unclear if the economy had taken a turn for the worse.
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Former Federal Reserve Chairman Alan  Greenspan said the probability of a U.S. recession was now  slightly more than a third, after he earlier in the year put  the chances at one-third, The Wall Street Journal reported in  its online edition on Monday.
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NEW YORK, October 20  - The US Federal Reserve Chairman, Alan Greenspan, does not expect the record high consumer debts and rising home prices to emerge as serious sustained threats to the US economy.
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Former Federal Reserve Chairman Alan  Greenspan said in an interview published on Monday the Fed  would have to raise interest rates to double-digit levels in  coming years to thwart inflation.
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Former Federal Reserve Chairman Alan Greenspan said in an interview published on Monday the Fed would have to raise interest rates to double-digit levels in coming years to thwart inflation.
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Former Federal Reserve Chairman Alan Greenspan said in an interview that aired on Thursday the Fed's decision to cut interest rates this week had lowered the risk of a U.S. recession, although chances were still above one in three.
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Federal Reserve Board Chairman Alan Greenspan said Wednesday that the economy looks better in the short term and potentially awful in the long run.
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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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Former Federal Reserve Chairman Alan Greenspan on Thursday said the U.S. economy is "clearly on the edge" of a recession.
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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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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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Former Federal Reserve chairman Alan Greenspan compares the current financial market turbulence to prior crises that have engulfed stock markets and the US economy.
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Ex-Federal Reserve chief Alan Greenspan told a Stockholm audience on Friday he did not believe he had caused the U.S. subprime crisis and had warned of the risk in 2004, a person attending the event said.
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The US economy has escaped a recent soft patch and seems to be picking up steam, Federal Reserve chief Alan Greenspan said on Wednesday in remarks economists saw as cementing a September rate rise.