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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ALAN GREENSPAN, Chairman of the US Federal Reserve, undercut lingering hopes of staging an operation to support the dollar at a meeting of bankers in Frankfurt yesterday
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Insatiable foreign demand for dollar  holdings will eventually fall and help reduce the massive  shortfall in the U.S. current account as investors diversify,  U.S. Federal Reserve Chairman Alan Greenspan said on Friday in  remarks that landed hard on the dollar.
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Near-record oil prices will slow US economic growth but won&#39;t be enough to derail a self-sustaining expansion, US Federal Reserve officials said on Monday.
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NEW YORK - Investors were unmoved by Federal Reserve Chairman Alan Greenspan's improved assessment of the economy, with stocks falling modestly Wednesday in light trading.    While Greenspan said the economy has "regained some traction" after the summer's slowdown, he echoed Wall Street's concerns over energy prices, which have fallen from record highs in recent weeks but stubbornly remain above $40 per barrel...
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WASHINGTON - This year's oil price surge will not be a replay of the oil shocks of the 1970s and 1980s that sent the United States into a series of recessions, Federal Reserve Chairman Alan Greenspan said Friday.    Greenspan delivered a generally upbeat assessment of the economy's ability to withstand this year's spike in oil prices, but he added a significant qualifier...
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Will today&#39;s careening crude oil prices reprise That &#39;70s Show? Not according to Alan Greenspan. The Federal Reserve chairman said this year&#39;s price climbs will likely have a far gentler impact on the economy
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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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Alan Greenspan, the former Federal Reserve chairman, said in an interview that the removal of Saddam Hussein had been "essential" to secure world oil supplies, a point he emphasized to the White House in private conversations before the 2003 invasion of Iraq.
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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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Federal Reserve Chairman Alan Greenspan spoke to the G-20 conference in Frankfurt, Germany today, and he didn&#39;t have too many nice things to say about the US dollar.
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Alan Greenspan, the chairman of the Federal Reserve, said on Friday that the long-term outlook for global oil supplies is reassuring even though anxiety about dwindling
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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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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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NEW YORK - Investors were unmoved by Federal Reserve Chairman Alan Greenspan's improved assessment of the economy, with stocks falling narrowly Wednesday in light trading.    While Greenspan said the economy has "regained some traction" after the summer's slowdown, he echoed Wall Street's concerns over energy prices, which have fallen from record highs in recent weeks but stubbornly remain above $40 per barrel...
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By Megan Davies NEW YORK  - U.S. blue chips closed at two-monthhighs on Tuesday as a fall in oil prices eased concerns thathigh energy costs would hurt corporate profits, but there wassome caution as investors awaited a speech by Federal ReserveChairman Alan Greenspan on Wednesday.
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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.