Economy has gained &#39;some traction,&#39; Greenspan says
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Federal Reserve Chairman Alan Greenspan told Congress yesterday that the economy has &quot;regained some traction&quot; after a lull in late spring, reinforcing expectations of higher
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NEW YORK, September 8 (New Ratings) - The Federal Reserve Chairman, Alan Greenspan, reportedly said today that the US economy has regained its foothold, following a downturn during the summer months due to the soaring oil prices.
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The economy grew more rapidly than   originally reported in the second quarter but an inflation   gauge was slightly lower, a government report said on   Wednesday, suggesting the Federal Reserve may be able keep   interest rates steady.
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Fed chairman Alan Greenspan says the US economy is continuing to grow, but  warns about inflation and the budget deficit.
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Federal Reserve Chairman Alan Greenspan spoke to the G-20 conference in Frankfurt, Germany today, and he didn&#39;t have too many nice things to say about the US dollar.
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American industry lifted output moderately in July, the Federal Reserve said, a sign the economy may be finding its feet after a mid-summer slip.
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Federal Reserve chairman Alan Greenspan told Congress yesterday that the economy has ''regained some traction&quot; after a lull in late spring, reinforcing expectations of higher interest rates when the presidential campaign enters its final stretch.
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Financial markets ticked over ahead of a  key address by U.S. Federal Reserve Chairman Alan Greenspan on  Wednesday, expecting confirmation that interest rates in the  world's leading economy will go on rising at a moderate pace.
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Federal Reserve Chairman Alan Greenspan told Congress on Wednesday that the economy has "regained some traction" after a lull in late spring, reinforcing expectations of higher interest rates during the final stretch of the presidential campaign.
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The US banking system, having weathered a recession and the bankruptcies of several big corporations, is in very good shape, Federal Reserve chairman Alan Greenspan said yesterday.
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WASHINGTON - 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.    Greenspan's moderately upbeat forecast came as the nation entered the final two months of an election battle in which President Bush and Democratic challenger John Kerry have widely different views on how the economy is performing at present...
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Federal Reserve Chairman Alan Greenspan told Congress on Wednesday that the economy has &quot;regained some traction&quot; after lull in late spring, reinforcing expectations of higher interest rates when the presidential campaign enters its final stretch.
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The US economy has escaped a recent soft patch and seems to be picking up steam, Federal Reserve chief Alan Greenspan said on Wednesday in remarks economists saw as cementing a September rate rise.
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The economy picked up a little more speed during the summer quarter, but some analysts and executives expressed worries over the economy's vulnerabilities.
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Ben S. Bernanke said that he expects the economy to regain speed after a few months of âsluggishâ growth.
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NEW YORK - Investors adopted a wait-and-see attitude on the economy, despite Federal Reserve Chairman Alan Greenspan's improved assessment, and bid stocks modestly lower Wednesday as Wall Street waits for better economic and earnings news.    While Greenspan said the economy has "regained some traction" after the summer's slowdown, investors looked past his congressional testimony, focusing instead on uncertainty about the health of the economy, third-quarter earnings pre-announcements and fiscal policy...
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WASHINGTON - The economy headed into the end of the year with good momentum, expanding at an annual rate of 4 percent in the third quarter, a faster clip than previously thought.