House prices to drop much lower: Greenspan
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A big overhang of property will bring U.S. house prices down further, but it is too early to say if the economy will plunge into recession, former Federal Reserve chief Alan Greenspan was quoted as saying on Friday.
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Former Federal Reserve Chairman Alan Greenspan said his successors at the U.S. central bank should be cautious about cutting interest rates because of inflation risks, and he forecast home prices will drop further, according to interviews published on Sunday.
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Federal Reserve Chairman Ben Bernanke on Wednesday estimated that the decline in housing construction could reduce gross domestic product growth later this year by a percentage point.
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Former Federal Reserve chairman Alan Greenspan warned yesterday that the US economy might slip into recession by year's end.
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The dollar softened on Thursday after  Federal Reserve Chairman Alan Greenspan sounded more cautious  on the U.S. economic recovery than many investors had expected.
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The probability of a recession in the  United States has increased but is still less than 50/50,  former Federal Reserve Chairman Alan Greenspan said in comments  broadcast on Friday.
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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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Former Federal Reserve Chairman Alan Greenspan said Thursday night the American economy is "clearly on the edge" of a recession, and he pointed to the depressed housing market as a primary culprit.
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US Federal Reserve Chairman Alan Greenspan said on Tuesday that he did not foresee big price distortions developing in home prices and said Americans were handling their debts well.
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Former U.S. Federal Reserve Chairman  Alan Greenspan promised on Friday to deliver surprises and  insights about the future in an eagerly awaited book, but he  gave little away for now beyond saying interest rates were low.
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U.S. Federal Reserve Chairman Alan  Greenspan said on Tuesday that he did not foresee big price  distortions developing in home prices and said Americans were  handling their debts well.
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Former U.S. Federal Reserve Chairman Alan Greenspan promised on Friday to deliver surprises and insights about the future in an eagerly awaited book, but he gave little away for now beyond saying interest rates were low.
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The dollar fell under 103 yen on Friday after Federal Reserve Chairman Alan Greenspan said large interventions in the currency market do not create protracted changes in exchange rates but have some effect.
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Former U.S. Federal Reserve Chairman Alan Greenspan said on Friday that U.S. interest rates are low, but that rates are low all over the world.
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U.S. stocks were lower on Wednesday as  some investors interpreted comments by Federal Reserve Chairman  Alan Greenspan as a sign that more interest-rate hikes may be  in the pipeline.
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U.S. stocks were headed lower on  Wednesday as investors await remarks by Federal Reserve  Chairman Alan Greenspan and may take some profits a day after  major indexes rose to 2-month highs.
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U.S. interest rates are still  "fairly low" after six straight increases, Federal Reserve  Chairman Alan Greenspan said on Wednesday, warning that despite  the economy's good health, fiscal discipline is vital.