Effective demand is extraordinarily weak, probably tantamount to the later stages of the Great Depression, Alan Greenspan said.» Read More
Just 24 percent of those polled said Congress should be allowed to have detailed oversight of the Fed, the poll shows. Fed Chair Janet Yellen came under pressure from conservatives in Congress this week, with some accusing her of bias towards Democrats. "There ought to be some review but I don't know that a full public disclosure of every comment attributed to...
WASHINGTON— Federal Reserve Chair Janet Yellen met Friday with a group of conservative activists who are unhappy with the way the central bank is conducting its interest-rate policies. Yellen rejected the GOP criticism as unfounded. Representatives of the Heritage Foundation and Cato Institute also participated in the meeting.
KEEPING SCORE: European markets were steady with France's CAC-40 more or less unchanged at 4,861 and Germany's DAX barely up at 11,135. Britain's FTSE 100 rose 0.2 percent to 6,927. U.S. stocks were poised for a similarly flat performance with Dow futures up 0.1 percent to 18,096.00 and the broader S&P 500 futures little changed at 2,106..
LONDON, Jan 21- The Swiss currency shock has raised an awkward question many investors have been fearful of asking- what if central banks become as unpredictable and fallible as they are powerful? The Swiss National Bank's sudden decision to abandon its three-year-old cap on the franc- the "cornerstone" of its monetary policy just three days before- led to the...
Jan 7- You don't miss liquidity until the markets turn bad, or so investors may find out in 2015.. Given that some analysts give Greece about a one in five chance of exiting the euro zone, with developments to come on rapidly after the Jan. 25 Greek general election, we have a possible catalyst which may drive volatility up and liquidity down. Nobel Prize-winning...
ACAPULCO, Mexico, Nov 12- Saudi Arabia Oil Minister Ali al-Naimi broke months of silence on Wednesday to reaffirm the kingdom's longstanding policy of seeking stable global markets, dismissing talk of a "price war" but offering no insight on his response to tumbling crude prices. "Talk of a price war is a sign of misunderstanding, deliberate or otherwise, and has no...
Oct 29- Saying QE is over is a bit like saying a flood is over when the water, up to your chin, stops rising. The Fed, which as expected pulled the trigger on the final taper on Wednesday, still controls a balance sheet it plans to keep steady at $4.5 trillion. And more to the point, though the statement included a bit of upbeat talk about employment, we are now looking at...
Former Federal Reserve Chairman Alan Greenspan, shares his thought on bank regulations and the need for higher reserve requirements.
Former Federal Reserve Chairman Alan Greenspan, weighs in on Fed transparency and short-term movements in interest rates.
Former Federal Reserve Chairman Alan Greenspan, shares his thoughts on the consequences of the Fed's economic policy.
Sept 19- Presidents of the Federal Reserve's 12 regional banks are more likely to dissent in favor of tighter monetary policy, than the political appointees who make up the central bank's Board of Governors, according to a Fed study published on Friday.
Former Federal Reserve chairman Alan Greenspan discusses the rising of rates and Fed policy.
Equities will see a decline at some point after rising for the past several years, former Federal Reserve chairman Alan Greenspan told Bloomberg TV.
The Fed said some assets are overvalued, but we are unlikely to see tighter rates to nip bubbles for now. Financial Times reports.
Will the Macarena once again sweep the nation? Maybe not, but some still say it feels like 1996. Here's why some are bracing for a quick correction.
For those looking for a knighthood, a London firm claims it can quietly guide a nomination from daydream to reality.
Former Federal Reserve chairman Alan Greenspan tackled today's unexpected sharp rise in wholesale inflation, CNBC's Steve Liesman reports.
The Fed's unwillingness to extricate itself from the markets is a very worrisome trend, says Michael Farr.
The former chairman of the Federal Reserve defends policy prior to the global financial crisis.
Former Federal Reserve Chairman Alan Greenspan looks back on the most memorable moments in the last 25 years for the U.S. economy and discusses his greatest moment and biggest regret.