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Tracts about the Federal Reserve and its chairmen may not fill book shelves the way ones about the Constitution, the Supreme Court or presidents do, but they've be come more common in recent years.
The Fed was created by Congress with the Federal Reserve Act of 1913 to provide the nation with "a safer, more flexible and more stable monetary and financial system," as the Fed website home page puts it. Fed chairmen have been few and far between for the most part. Alan Greenspan was the 13th
Fed Chairman Alan Greenspan ran the central bank during interesting times, marked by many significant global events and financial shocks, which will no doubt figure into his aptly titled, forthcoming book “The Age of Turbulence: Adventures in a New World”. Here are the major events and moments of the Greenspan era.
Alan Greenspan has received more than his share of awards and honorary degrees in his storied career. Earlier this year, Greenspan was the recipient of a special Lifetime Achievement Award at CNBC's third annual Executive Leadership Awards ceremony in New York.
The CNBC Executive Leadership Awards honor executives who have shown exemplary leadership, inspiration and innovation. More than 300 business leaders attended the third annual gala at the Pierre Hotel in New York Wednesday night and paid special tribute to legendary Federal Reserve Board Chairman Alan Greenspan.
Former Federal Reserve Chairman Alan Greenspan on Wednesday said a rise in import prices of Chinese goods to the U.S. may be a signal the disinflationary process may be reversing.
There is little reason to fear a wholesale pullout by China out of U.S. government bonds, former Federal Reserve Chairman Alan Greenspan said on Tuesday.
The morning-after-the-night-before mood is haunting the European bourses from the open Wednesday. Investors could be forgiven for being nervous, the Chinese bourses sold off on news the government is tripling the tax charged on share transactions.
What value do the comments of a former Fed Governor have? Enough to move markets is the obvious reply.
We pride ourselves in being able to pick out the news when presented with “raw data” -- be it a live speech, event, interview, or enterprise story. I do have to admit, however, there is one form of “raw” news that I find a bit intimidating: the legal document. ... And: We’re still abuzz today over the market’s Wednesday tanking at the hands of former Fed chairman Alan Greenspan. Our show producers often ask me why the markets made a sudden move, but yesterday’s drop from early gains was downright baffling at first...
Former Fed Chairman Alan Greenspan dampened stock performance around the world with his warning yesterday that China's red-hot stock market will face a sharp decline some day. European markets are lower this morning and Asian markets closed mostly lower overnight. Yet China's Shanghai index shrugged off the comment, closing just 0.5% lower after managing to also hit a new intraday high in a volatile session.
Former U.S. Federal Reserve Chairman Alan Greenspan said he feared a "dramatic contraction" in Chinese stocks but said the global economy may be able to shrug off a drop in asset prices.
Cramer isn't buying Alan Greenspan's comments about a "dramatic contraction" coming in the Chinese stock market. Also, his calls on Six Flags and Crocs.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Alan Greenspan has signed Allianz Pacific Investment Management as his first client since leaving as chairman of the U.S. Federal Reserve the Wall Street Journal reports.
Former U.S. Federal Reserve Chairman Alan Greenspan said on Friday he still believed there was a one-third chance that the U.S. economy would slip into recession this year, reiterating a statement made in March.
Stern speaks: That would be Gary, the president of the Minneapolis Federal Reserve, not Howard, the radio disk jockey -- although like his radio namesake, Gary Stern decided not to shy away from a controversial issue. ... Also: oil numbers are trickier than stocks.
Merger madness is gripping Wall Street this morning and stocks, so far, are ready to sprint higher at the open. European markets are trading higher, and Asian stocks rose overnight, with a weaker yen helping lift Japan's Nikkei more than 1.6%.
Former Federal Reserve Chairman Alan Greenspan said on Thursday there was a risk that rising defaults in subprime mortgage markets could spill over into other economic sectors. Speaking to the Futures Industry Association, Greenspan conceded that it was "hard to find any such evidence" about spillover from housing yet. But he added: "You can't take 10% out of mortgage originations without some impact."
Stocks are heading for a lower opening as snow falls on Wall Street and investors await consumer inflation data and consumer confidence numbers. Today is the quadruple witching day for the expiration of stock futures and options, but the resulting volatility may have already been played out when we saw the market take a roller coaster ride earlier this week. Asian markets were weaker overnight, and European stock markets are trading lower ahead of the New York open.
March 15th wasn’t such a great day for Julius Caesar, but until former Fed Chairman Alan Greenspan started speaking today, it had been a pretty good day for Wall Street. Stocks gained ground despite a bigger-than-expected jump in the February Producer Price Index, and they maintained those gains despite what appeared to be a weak Philadelphia Fed report. Then came Greenspan.