Alan Greenspan
US's Snow criticises currencies 'on life support'
U.S. Treasury Secretary John Snow implicitly criticised Japan's continued currency market intervention on Monday 8 March after giving a speech.
Greenspan: growth vigorous, spending cuts needed
In a speech on 'Economic outlook and current fiscal issues' given on 25 February, Alan Greenspan of the Federal Reserve said the US economy has turned the corner from recession and is on the verge of "sustainable" growth. To ensure that, Congress must…
US consumers in good shape, says Greenspan
Fed Chairman Alan Greenspan said on Monday 23 February that the US household sector seemed to be in good shape. Homeowners have done well, with their total debt burden kept under control.
Greenspan sees vigorous growth, warns on deficit
In testimony on Wednesday 11 February, Fed Chairman Alan Greenspan said the U.S. economy has good odds for sustained robust growth, but that policy-makers can be patient about interest-rate rises. He warned there could be problems "in the relatively near…
G7 ministers prepare for meeting
Finance ministers of the rich G7 nations are converging on Florida for a weekend meeting that analysts say will produce little concensus.
Greenspan on economic flexibility
In a speech on 'Economic flexibility' given on 26 January, Alan Greenspan of the Federal Reserve warned U.S. policy-makers worried about the loss of jobs not to heed calls for an increase in protectionist trade barriers, saying such a move could be …
Greenspan to testify on U.S. economy, 11 Feb
Fed Chairman Alan Greenspan will testify on the Federal Reserve's semiannual report on monetary policy to the U.S. House Financial Services Committee on 11 February, the panel said on Wednesday.
Greenspan on risk and uncertainty in mon policy
In a speech on "Risk and Uncertainty in Monetary Policy" Alan Greenspan described monetary policy is an "especially humbling" activity. He also defended his tenure as Fed chief.
Greenspan-Capitalism and the role of globalization
In a speech on 'Capitalism and the role of globalization' given on 11 December, Alan Greenspan of the Federal Reserve said debates on the pros and cons of market capitalism have waged for generations. The collapse of the Soviet empire, and with it…
Currency peg puts heat on China's economy: Fed
Federal Reserve chairman Alan Greenspan said on Thursday 11 December that China's currency peg with the US dollar may need to end if it is to prevent its economy from overheating. In a speech to the World Affairs Council of Dallas, reported by Bloomberg,…
Ben Bernanke takes oath of office for new Fed term
Ben Bernanke took the oath of office last Friday, 14 November, for a new term on the Federal Reserve's Board of Governors. The ceremony was conducted by Chairman Alan Greenspan in his office and was witnessed by Bernanke's wife and children.
Greenspan on the outlook for the US economy
In a speech to the Securities Industry Association annual meeting on 6 November Alan Greenspan of the Federal Reserve said soaring government budget deficits threaten the US economy in the long term and must be brought under control. But striking an…
Fed chief Greenspan hints end near for low rates
Fed Chairman Alan Greenspan suggested on 6 November that the end may be in sight for very low interest rates. Greenspan gave an optimistic assessment of the US economy's prospects for strong growth and appeared to depart from the FOMC's commitment to…
Fed's Greenspan on Financial Education
In a speech on 'Financial Education' given on 26 September Alan Greenspan of the Federal Reserve said the financial marketplace has grown increasingly complex since the era four decades ago when all Americans needed to know was how to write a check and…
Greenspan on monetary policy under uncertainty
In a speech on 'Monetary Policy under Uncertainty' given on 29 August Alan Greenspan of the Federal Reserve said he preferred to set economic policy by managing possible risks rather than obeying formal rules. "That any approach along these [formal…
Donald Winn passes away
Fed old-timer Donald Winn sadly died at the age of 66 with pancreatic cancer after faithfully serving the central bank for almost half of his life. With 30 years on the clock, Winn had proved a precious asset to no less than four chairmen, in charge of…
Mr Greenspan's record: where do we go from here?
The recent boom showed that policymakers should be wary of apparent economic "paradigm shifts". Now dealing with the inevitable asset price bust they should not ignore the inflation threat.
Rethinking on monetary policy
The world over, central banks are undergoing an open evaluation of their past policies, this article in the Fiunancial Express, India, says. It looks at current policies of the world's major central banks and their views on asset price bubbles.
Greenspan holds his own
In his recent testimony to Congress, Alan Greenspan has "reached a new low" according to a certain Congressman Sanders. By apparently suggesting that manufacturing doesn't matter, Greenspan had "insulted tens of millions of American workers".
'Wrong, Mister' - Greenspan under fire at Congress
Transcript of Rep. Sanders' question-and-answer period with Federal Reserve Chairman Alan Greenspan during the Financial Services hearing on 15 July. Congressman Sanders said in his statement "I think you just don't know what's going on in the real world…
China should not rush to float its currency
Alan Greenspan's recent comment that China should float its currency and dump the dollar peg is not sound advice, this article in the Financial Times says. The abandonment of the dollar peg would open a Pandora's box in China and could leave the world…
Paul Krugman on Greenspan 'Dropping the Bonds'
Paul Krugman used to be a great admirer of Mr. Greenspan, he writes in his New York Times column. "But something has gone very wrong with the maestro", he suggests. He notes Greenspan's optimism in recent testimony that tax cuts and low interest rates…
Greenspan proves fallible
An article in American Outlook Today, "Greenspan proves fallible", describes the pedestal upon which Alan Greenspan has been perched as "a bit shaky" saying he disappointed the expectations of the bond market with the FOMC's with only a quarter point…
Greenspan: Risking it all for a legacy?
A State Street Investment Letter suggests that US inflation expectations are unambiguously on an upward trend and are being put at risk to preserve Alan Greenspan's legacy. It is with some irony, it says, that the next Federal Reserve Chairman is likely…