Greenspan Cautions on Baby Boomer Benefits
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Federal Reserve Chairman Alan Greenspan said Friday the country will face "abrupt and painful" choices unless Congress acts quickly to trim Social Security and Medicare benefits for the baby boom generation. He said the government has promised more than it can deliver.
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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 on Friday.
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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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Federal Reserve Chairman Alan Greenspan&#39;s age and length of tenure must be taking its toll on his thinking processes and memory.
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Former U.S. Federal Reserve Chairman  Alan Greenspan said on Wednesday he feared a &quot;dramatic  contraction&quot; in Chinese stocks but said the global economy may  be able to shrug off a drop in asset prices.
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Former Federal Reserve Chairman Alan Greenspan said 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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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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This year's surge in energy prices is likely to have far less of an impact than the oil shocks of the 1970s, Fed Chairman Alan Greenspan said today.
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The impact of the current surgein oil prices, though noticeable, is likely to prove less consequential to economic growth and inflation than in the 1970s, US Federal Reserve Chairman Alan Greenspan said Friday.
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The chairman of the Federal Reserve, Alan Greenspan, warned today that the Federal government might have to scale back promises to the elderly in programs like Social Security and Medicare.
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Former Federal Reserve chairman Alan Greenspan warned yesterday that the US economy might slip into recession by year's end.
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U.S. Federal Reserve Chairman Alan Greenspan said on Tuesday that he did not foresee big price distortions developing in home prices and said Americans were handling their debts well.
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NEW YORK, August 27 (New Ratings) - Federal Reserve Chairman, Alan Greenspan, has reportedly called for immediate initiatives for adjustments to the US pension benefits system.
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Federal Reserve Chairman Alan Greenspan urged Congress on Wednesday to take a go-slow approach in setting up the private Social Security accounts favored by President Bush. The president said he wasn't ruling out taxing high-income workers more to help the retirement program.
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Former Federal Reserve Chairman Alan Greenspan acknowledges he failed to see early on that an explosion of mortgages to people with questionable credit histories could pose a danger to the economy.
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US Federal Reserve (Fed) Chairman Alan Greenspan on Friday called for prompt action to reform the US retirement system which is promising more benefits than it can actually provide.
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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.