Greenspan: Banks are strong
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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 US economic expansion &quot;has regained some traction&quot; after a soft patch earlier this year, Federal Reserve Chairman Alan Greenspan said in an upbeat message on the economy to lawmakers.
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Alan Greenspan, chairman of the Federal Reserve Board, said on Wednesday that the economic expansion had &quot;regained some traction&quot; after the slowdown this summer and
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Alan Greenspan, Federal Reserve chairman, said yestedray that the wave of US bank mergers since 1995 had increased the stability of the financial sector.
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Alan Greenspan on Tuesday defended one of the most tangible results of his tenure as chairman of the Federal Reserve Board: the big increase in homeowner debt.
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Stocks edged into positive territory on Tuesday after former Federal Reserve Chairman Alan Greenspan said that he was not worried about Chinese selling of U.S. Treasuries.
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The U.S. 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.
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Alan Greenspan said that the economic expansion had "regained some traction."
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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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Alan Greenspan, once the world's top central banker, said current credit turmoil reminded him of 1987 and 1998 market crises while policymakers in Sweden and Norway saw it curbing growth in their strong economies.
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But the Treasury chief says the economy is strong enough to weather the storm.
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NEW YORK : The euro remained strong against the dollar after nearing its record-setting mark amid US Federal Reserve chairman Alan Greenspan&#39;s hint that another depreciation in the US currency might be necessary to reduce the current account deficit.
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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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The head of the Euro Group of finance ministers said Friday that the European Union's banking system is strong enough to ride out the global liquidity crisis sparked by the collapse of the U.S. subprime mortgage market.
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The U.S. economy is pulling out of  its recent soft patch and appears to be picking up steam,  Federal Reserve chief Alan Greenspan said on Wednesday in  remarks economists saw as cementing a September rate rise.
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THE US banking system is in very good shape after weathering a recession and several big bankruptcies, according to Federal Reserve chairman Alan Greenspan.
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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.