Greenspan Says US Can Weather Oil Price Increases
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Record oil prices are unlikely to inflict the economic pain they did in the 1970s, Federal Reserve Chairman Alan Greenspan said Friday, adding that he thought the world could adjust to higher-priced oil.
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This year&#39;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.
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The dollar perked up ahead of a key speech from US Federal Reserve Chairman Alan Greenspan which was expected to set the scene for future rises in American interest rates.
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Rising oil prices will weigh on US economic growth but the increases seen so far will not derail the expansion and need not fuel a troubling inflation, Federal Reserve Board Governor Ben Bernanke said on Monday.
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Former Federal Reserve Chairman Alan  Greenspan said in an interview published on Monday the Fed  would have to raise interest rates to double-digit levels in  coming years to thwart inflation.
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US STOCKS rose on Friday after a government report showed better-than-expected retail sales and United States Federal Reserve Chairman Alan Greenspan suggested that record oil prices would not slow economic growth.
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Not much seems to trouble Federal  Reserve Chairman Alan Greenspan these days -- not oil at more  than $50 a barrel, record levels of consumer debt, nor a  possible U.S. housing bubble.
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The dollar gained support on Thursday  after Federal Reserve Chairman Alan Greenspan indicated the  previous day that U.S. interest rates would continue to rise.
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NEW YORKâCrude oil hit $55 (US) a barrel yesterday as traders worried over thin heating oil inventories ahead of winter and Federal Reserve Board chairman Alan Greenspan predicted the soaring costs would not crimp economic growth like in the 1970s.
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High oil prices will probably brake U.S. growth but will not derail the economy provided there is not another sharp spike upwards, a top Federal Reserve policymaker said on Tuesday.
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WASHINGTON - This year's surge in energy prices is likely to have far less of an impact on the economy than the oil shocks of the 1970s, Federal Reserve Chairman Alan Greenspan said Friday.    Greenspan predicted that the global economy will adjust to the recent surge in prices, which has seen oil topping $50 per barrel, by boosting energy exploration and production and by increasing fuel efficiency...
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Federal Reserve chairman Alan Greenspan  will hog the limelight in financial markets this week as  investors seek clues on how quickly U.S. interest rates will  rise as soaring oil prices start to affect economic activity.
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Federal Reserve Chairman Alan Greenspan roiled financial markets Friday, saying a widening US trade deficit could scare off foreign investors and dampen the US economy.
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The dollar may rise against the euro in Asia for the first day this week on speculation Federal Reserve Chairman Alan Greenspan will express optimism about the US economy in testimony before Congress today.
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Federal Reserve chairman Alan Greenspan will hog the limelight in financial markets this week as investors seek clues on how quickly U.S. interest rates will rise as soaring oil prices start to affect economic activity.
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Federal Reserve Chairman Alan Greenspan will cement forecasts for higher US interest rates when he speaks on Wednesday after August jobs data backed his view that growth is back on solid ground, economists said.
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Financial markets ticked over ahead of a  key address by U.S. Federal Reserve Chairman Alan Greenspan on  Wednesday, expecting confirmation that interest rates in the  world's leading economy will go on rising at a moderate pace.