Greenspan critical of trade deficits
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If the dollar continues to slide, foreign investors may dump US stocks and bonds, the Fed chairman says. WASHINGTON - Swollen trade deficits eventually could threaten the economy by souring foreign appetites
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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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Federal Reserve Chairman Alan Greenspan shook financial markets yesterday with a warning that foreign nations may tire of financing the huge US trade and budget deficits.
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LONDON -- Some of the world's major central bankers warned the United States that the international community could be running out of patience with the massive US budget and trade deficits that have pushed the dollar lower and increased the cost of their exports in America.
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WASHINGTON - Record global oil prices should have little long-term impact on the US recovery, nor should it even spark a new round of inflation, says Alan Greenspan, the US Federal Reserve chairman.
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WASHINGTON : The United States should cuts its fiscal and trade deficits, while Europe and Japan should take steps to boost economic growth, IMF managing director Rodrigo Rato revealed.
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Federal Reserve Chairman Alan Greenspan says the growing US budget deficit could destabilize the economy. Fed Governor Susan Bies says Congress spends like it&#39;s dipping into a ``a cookie jar.
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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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WASHINGTON - Stock markets in the United States dropped sharply Friday after Federal Reserve Board Chairman Alan Greenspan warned about the risks to the economy posed by continued high US trade deficits.
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An aging population will put significant stresses on the budget deficit over the next three decades, a problem that could be solved by raising the retirement age, Federal Reserve Chief Alan Greenspan said in a speech Friday.
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Federal Reserve chairman Alan Greenspan warns that prompt action is needed to fund pensions for the ageing US population.
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Ben S. Bernanke expressed concern today over trade imbalances between emerging and industrial nations.
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FRANKFURT, Germany - US Federal Reserve Chairman Alan Greenspan said Friday that large US trade deficits could burden the US economy in the long term but added that their effect on the plunging dollar is hard to predict.
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THE WARNING: Federal Reserve Chairman Alan Greenspan cautioned that swollen trade deficits eventually could threaten the economy by souring foreign appetites for investment in the United States.
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The dollar suffered a renewed bout of selling after US Federal Reserve chairman Alan Greenspan hinted that another depreciation in the US currency might be necessary to reduce the current account deficit.
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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.
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A top Federal Reserve official has urged the White House and Congress to restrain the U.S. budget deficit, warning that its continued growth poses risks to international financial markets.