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Greenspan says the Fed will have to rein in credit and raise rates at some point...The former Fed chief cites many caveats for his short-term optimism, among them the huge government deficit and a concern that home prices may not have stabilized enough.
Tags: Alan Greenspan, Mr Greenspan, US Federal Reserve, greenspan says, house price
Senator McCain (R-Ariz.) acknowledged Obama's efforts in an interview with CNN's John King which was taped on Friday and aired on Sunday. "I think you could say that it is a short-term improvement in the economy. And I'll be glad to give him credit for...
Tags: obama, unemployment, Geithner Floats Obama, Barack Obama, democrats, congress, Timothy Geithner, Tim Geithner, treasury secretary, Alan Greenspan
He is a professor at Penn State University and has taught in both the Management Division and the Engineering Division. He formerly was on the faculty of the Finance Department, Wharton School, the University of Pennsylvania. Dr. Mason has been President...
Tags: Alan Greenspan, Bloomberg, U.S, capital requirement
While the housing bottom may not be obvious in prices, it is becoming clear in "significant regional differences," where some of the hardest-hit areas are starting to show signs of improvement, the former chairman of the Federal Reserve said. Former...
Former Federal Reserve Chairman Alan Greenspan is fighting back against claims that his agency and his tenure as its chief caused the housing bubble that is partly blamed for the economy's descent into a recession. Greenspan, in an opinion piece published...
Tags: US Federal Reserve, Alan Greenspan, housing bubble, reserve chairman, chairman alan, wall street, street journal
With the Dow Jones Industrial Average below 7,000, the U.S. stock market is well below its early-1995 level, adjusted for changes in nominal GDP...The risk, however, is that too much fiscal and budgetary stimulus will bring on growth-stultifying inflation.
This week could spell judgment day for 20 of the biggest banks in America. President Barack Obama and his administration plan on evaluating the financial welfare and condition of these banks to make sure if the economy worsens that these banks...
Tags: obama, government, stimulus, america, banks, citigroup, economy, wall street, alan greenspan
Last October, Alaska Gov. and then Republican vice presidential candidate Sarah Palin claimed Obama wanted to "experiment with socialism." Douglass Elliot, a fellow on economic studies at the Brookings Institution who has written about nationalization,...
Tags: Republican Alaska, Alan Greenspan
Former Federal Reserve Chairman Alan Greenspan said the U.S. may be doing too little to repair its financial system and promote an economic recovery. President Barack Obama on Tuesday signed into law a $787 billion economic stimulus package of tax cuts...
Tags: Alan Greenspan, financial systems, Former Federal Reserve, US Federal Reserve, tax cuts
Former Federal Reserve Chairman Alan Greenspan says there is no doubt the U.S. and world economy is in a very severe recession and that U.S. gross domestic product will decline significantly in the fourth quarter. Greenspan says the U.S. and world economy...
Tags: Alan Greenspan, Mr. Greenspan, U.S. Federal Reserve, domestic product, gross domestic, fourth quarter, decline significantly, Toronto, chairman alan, reserve chairman