Greenspan warns over US deficit
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Federal Reserve chief Alan Greenspan says the US trade deficit cannot be sustained indefinitely.
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FRANKFURT, Germany - US Federal Reserve Chairman Alan Greenspan said Friday that large US trade deficits could burden the US economy in the long term but added that their effect on the plunging dollar is hard to predict.
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U.S. Federal Reserve Chairman Alan Greenspan said on Friday the United States should cut its budget gap to foster a more balanced pattern of global trade and avoid painful economic consequences.
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Federal Reserve Chairman Alan Greenspan says the growing US budget deficit might destabilize the economy. Fed Governor Susan Bies says Congress spends like it&#39;s dipping into a &quot;a cookie jar.
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The widening US current account deficit will require a decline in the value of the dollar, a top Federal Reserve official said on Thursday.
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US Federal Reserve chairman Ben Bernanke warns that the outlook for the US economy is deteriorating.
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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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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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Federal Reserve Chairman Alan Greenspan says the growing US budget deficit could destabilize the economy. Fed Governor Susan Bies says Congress spends like it&#39;s dipping into a ``a cookie jar.
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Swollen trade deficits eventually could threaten the economy by souring foreign appetites to invest in the United States, Federal Reserve Chairman Alan Greenspan warned Friday.
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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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An aging population will put significant stresses on the budget deficit over the next three decades, a problem that could be solved by raising the retirement age, Federal Reserve Chief Alan Greenspan said in a speech Friday.
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JACKSON HOLE, Wyo.  - An aging U.S. 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 Friday.
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According to Alan Greenspan, the Federal Reserve chairman, the high amount of private debt being carried by Americans is not so scary because most people can &quot;calibrate their borrowing and spending to minimize financial difficulties.
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The persistence of bloated U.S. trade deficits over time can pose a risk to the U.S. economy, which thus far has proven resilient, Federal Reserve Chairman Alan Greenspan warned Friday. Policy-makers must not get lulled into a sense of complacency, he said.
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LONDON - The US dollar sank Friday in European trading after US Federal Reserve chairman Alan Greenspan warned of the dangers of America&#39;s growing trade deficit and the chance the imbalance could eventually depress foreign demand for the greenback.
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Market forces and promised action by  Washington to cut its budget deficit look set to stabilize, and  could cut, the record U.S. trade gap, Federal Reserve Chairman  Alan Greenspan said on Friday.