Greenspan plays down oil burden
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High oil prices do not mean a rerun of the damage caused by the "oil shocks" of the 1970s, Fed chief Alan Greenspan says.
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Stocks weakened early Wednesday afternoon, as investors took in fluctuating oil prices, some weak corporate news, and mostly upbeat testimony from Federal Reserve Chairman Alan Greenspan.
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Insatiable foreign demand for dollar  holdings will eventually fall and help reduce the massive  shortfall in the U.S. current account as investors diversify,  U.S. Federal Reserve Chairman Alan Greenspan said on Friday in  remarks that landed hard on the dollar.
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WASHINGTON, DC - US Federal Reserve chairman Alan Greenspan on Tuesday downplayed concerns over the record levels of debt being carried by American households.
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(CBS/AP) Federal Reserve Chairman Alan Greenspan said Wednesday the economy has &quot;regained some traction&quot; after a late spring slowdown that was triggered by a sharp spike in oil prices.
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Former Federal Reserve Chairman Alan Greenspan said in an interview that aired on Thursday the Fed's decision to cut interest rates this week had lowered the risk of a U.S. recession, although chances were still above one in three.
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U.S. stocks tumbled on Friday as  investors were jolted by a surge in oil prices and comments by  Federal Reserve Chairman Alan Greenspan, who gave a stark  reminder that interest rates were bound to go higher and warned  that appetite for the dollar would dwindle.
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Investors' appetite for U.S. assets will eventually dwindle and the United States must reduce its budget deficit to prevent major economic damage, Federal Reserve Chairman Alan Greenspan said on Friday, in remarks that hit the dollar hard.
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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.
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U.S. stocks slipped on Wednesday as  Federal Reserve Chairman Alan Greenspan, speaking before  Congress about the health of the economy, did little to quell  expectations for a rate hike later this month.
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TORONTO - Stock markets could find it tough to find traction this week as a blunt warning from Alan Greenspan rings in investors&#39; ears.
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WASHINGTON - Federal Reserve Chairman Alan Greenspan said yesterday the economy has &quot;regained some traction&quot; after a late spring slowdown caused largely by high oil prices.
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Alan Greenspan, the chairman of the Federal Reserve, said on Friday that the long-term outlook for global oil supplies is reassuring even though anxiety about dwindling
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TOKYO -- Former U.S. Federal Reserve Chairman Alan Greenspan told a Tokyo seminar on Thursday that he does not think economic slowdown in his country is "probable," toning down his earlier warning over a recession later this year.
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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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THE world will be living with volatile oil prices for years to come, US Federal Reserve chairman Alan Greenspan said as crude oil futures touched $US55 a barrel for the first time ever.
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&quot;The economy is doing reasonably well,&quot; says Fed chief Alan Greenspan. &quot;Despite the rise in oil prices through mid-August, inflation and inflation expectations have eased in recent months.