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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Greenspan argues that new technologies, higher oil prices and market forces will cause the world to become less oil-dependent over time, just as oil displaced coal, and coal displaced wood long before the supply of either ran out.
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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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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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Is the Federal Reserve less sanguine about the effect the oil-price spike will have on the economy? Given the run-up in crude prices -- and rising fears that growth could be slowed measurably -- the markets
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Falling oil prices hurt energy stocks and a Fed officialâs comments on interest rates also soured the marketâs early good mood.
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Record oil prices have taken a  "noticeable" toll on the U.S. economy but are not likely to  inflict the same level of pain as in the 1970s, Federal Reserve  Chairman Alan Greenspan said on Friday.
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Fed chief Alan Greenspan says energy prices are not yet a major economic threat, as oil touches $55 a barrel in New York.
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THE sharemarket should take heart from US Federal Reserve chairman Alan Greenspan&#39;s comment that sky-high oil prices won&#39;t harm the US economy - as long as they don&#39;t go any higher.
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The concern over inflation and weakening housing prices offset the salutary effects of a drop in the price of oil.
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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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A rally in oil prices toward $50 a  barrel helped push down European shares on Monday, while the  dollar's recent rebound stalled ahead of meetings next week of  the U.S. Federal Reserve and the Group of Seven rich nations.  Euro zone government bond yields fell in sympathy with U.S.  Treasuries on a report that Federal Reserve Chairman Alan  Greenspan was happy to keep to a measured pace of rate hikes.
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Alan Greenspan, chairman of the Federal Reserve, said that the long-term outlook for global oil supplies is reassuring in spite of anxiety about dwindling reserves.
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FRANKFURT: Investorsâ appetite for US assets will eventually dwindle and the United States must reduce its budget deficit to prevent major economic damage, Federal Reserve Chairman Alan Greenspan has said, in remarks that hit the dollar hard.
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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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Investors' appetite for U.S. assets  will eventually dwindle and the United States must reduce its  budget deficit to prevent major economic damage, Federal  Reserve Chairman Alan Greenspan said on Friday, in remarks that  hit the dollar hard.
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THE world will be living with volatile oil prices for years to come, US Federal Reserve chairman Alan Greenspan said as crude oil futures touched $US55 a barrel for the first time ever.