Housing woes not affecting economy: Paulson
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U.S. Treasury Secretary Henry  Paulson said on Tuesday a decline in U.S. housing activity has  caused some damage in subprime mortgage markets but was not  hurting the overall economy.
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The record level of debt being carried by American households and soaring home prices do not appear to represent serious threats to the US economy, Federal Reserve Chairman Alan Greenspan said Tuesday.
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EMERYVILLE, California  - The U.S. housing market   is slowing roughly as the Federal Reserve has expected, San   Francisco Federal Reserve President Janet Yellen said on   Tuesday.
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U.S. housing industry economists on  Monday cautioned that rapid house price gains in some areas of  the country may not be sustainable.
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Mortgage defaults and a  &quot;sustained lull&quot; in home building will weigh on California&#39;s  economy for at least another year but will not tip the state  into a recession, according to a forecast released on  Wednesday.
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The record level of debt being carried by American households and soaring home prices do not appear to represent serious threats to the U.S. economy, Federal Reserve Chairman Alan Greenspan said Tuesday.
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The subprime mortgage debt crisis will have little impact on the U.S. or Asian economies because that loan market is relatively small and would not create a ripple effect, Moody's Investors Service said on Wednesday.
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Financial market turbulence has noticeably hurt housing activity in recent weeks but has had little effect on other sectors of the economy so far, the Federal Reserve said on Wednesday.
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Treasury Secretary Henry Paulson on Wednesday said that financial markets have not fully digested how the housing downturn may impact the economy, although they are positioned for the wave of mortgages that will reset to higher rates over the next two years.
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Reports showed deepening trouble in the housing market even as the the Fed found little evidence that the turmoil had damaged the wider economy.
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The drop-off is likely to hurt businesses that serve the housing industry, which economists donât expect to bottom out until the middle of the year.
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U.S. Treasury Secretary Henry Paulson on  Wednesday predicted stable growth for the U.S. economy but he  made no remarks on the yen or financial markets which are  jittery after more than a week of turmoil.
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Treasury Secretary Henry Paulson said on Friday that recent financial market volatility does not necessarily reflect strong fundamentals in the U.S. economy, nor those of the developing Chinese economy.
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US Treasury Secretary Henry Paulson said Sunday he believes the US economy will continue to grow but emphasized the need to quickly implement an emergency stimulus package now in Congress.
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Treasury Secretary Henry Paulson said on Friday that it will take time to work through the problems contributing to current financial market turmoil but expressed confidence U.S. growth will not be derailed.
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WASHINGTON - Treasury Secretary Henry Paulson yesterday said the turbulence that has hit financial markets will take time to be resolved, especially in the area of subprime mortgages.
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Strong business investment suggests   the U.S. economy is far from fragile despite a slowing housing   sector, St. Louis Federal Reserve President William Poole said   on Monday.