Greenspan Says Economic Expansion Was Slowed by Oil Prices
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Greenspan's moderately upbeat forecast today is likely to cement expectations that the central bank will raise interest rates for a third time in two weeks.
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Oil prices ended lower on Tuesday on  signs that high energy costs are slowing the economic growth  that has fueled this year's sharp increase in world oil  consumption.
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The economic expansion has firmed, yet inflation remains tame, Federal Reserve Alan Greenspan said Wednesday. That buttressed economists' view that the Fed for now will stick with its gradual approach to raising interest rates.
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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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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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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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Rising oil prices will weigh on U.S. economic growth but the increases seen so far will not derail the expansion, Federal Reserve Board Governor Ben Bernanke said on Monday.
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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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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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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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Federal Reserve Chairman Alan Greenspan said Wednesday the economy has "regained some traction" after a late spring slowdown that was triggered by a sharp spike in oil prices.
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The economy of the 12 nations sharing the euro grew at the slowest pace in more than a year in the third quarter as record oil prices crimped global demand, prompting the European Commission
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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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Risks of a recession have increased, but the Federal Reserve must be cautious in supporting the economy because global forces that have kept inflation in check are receding, former Fed Chairman Alan Greenspan said on Monday.
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High oil prices are slowing the economy, two members of the Federal Reserve warned yesterday. `There&#39;s going to be a little bit of a slowdown effect,&#39;&#39; admitted Fed board member Ben Bernanke.
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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.
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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.