The Fed said some assets are overvalued, but we are unlikely to see tighter rates to nip bubbles for now. Financial Times reports.» Read More
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.
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.
Warren Buffett and Alan Greenspan offered sharply different views on government regulation of U.S. capital markets, reflecting the divisions among many business and government leaders who gathered in Washington for a high-level conference on U.S. competitiveness.
Greenspan comments have sparked debate not only about the possibility of a recession but whether he should be speaking publicly at all about the economy. Although he is now retired, he still has considerable influence over the markets, as last week's selloff showed.
Mixed messages: analysts decoding Friday's jobs report see a slightly disappointing February, but a stronger December and January. However, the different numbers didn't stop two experts from telling "Morning Call" that the news is good.
The yen carry trade can only continue for so long, former Federal Reserve Chairman Greenspan said today at a technology conference in New York.
What do you do if you are a corporate or political leader and your predecessor continues to gain media attention after retirement? Former Fed Chief Alan Greenspan has been sharing the spotlight with Ben Bernanke, who’s been chairman for more than a year. Once retired, should they just walk away quietly?
Former Federal Reserve chairman Alan Greenspan says that the U.S. has a ‘one-third probability’ of falling into a recession this year. Greenspan’s outlook contrasts that of his successor, Ben Bernanke, who believes that inflation is a bigger problem for the economy..so who's right?
Alan Greenspan is at it again.The former Federal Reserve chairman added fresh fuel to the recession debate Tuesday, saying in an interview that that there's a "one in three" chance of a downturn in the U.S. economy this year. That followed comments a week earlier that a recession was "possible" by the end of the year.
Many of those seeking reasons for Tuesday's market meltdown have turned from China to Japan. Two forex experts told CNBC's Liz Claman why the global shock may have more to do with Tokyo than Shanghai -- or New York.
Sure, Ben Bernanke is the current Federal Reserve chairman -- but after Tuesday's market spasm, everyone seems to be talking about Alan Greenspan and his use of "the 'R' word." But does that mean the ex-Fed chief needs to watch his mouth? Two economists took on the question of free speech versus accountability, in "Morning Call."
Former Federal Reserve Chairman Alan Greenspan was quoted as saying on Thursday that a recession in the United States is possible, though not probable this year as inventory problems in the economy are being addressed quickly, Bloomberg reported.
A not so shameless plug here as we'd like to toot our own horn--as we honor others. Last night, CNBC held it's third annual Executive Leadership Awards dinner--to recognize business leaders who make a difference. The event was at the Pierre Hotel in New York City--and CNBC's Melissa Lee covered it for "Squawk Box."
Federal Reserve Chairman Ben Bernanke will address a changed U.S. Congress tomorrow. Should President Bush’s man in the Fed alter his modus operandi in tune with a Democratic-controlled legislature? Mark Weisbrot, co-director of the Center for Economic and Policy Research, says the answer is yes.
Economists for Fannie Mae and the NAR advise CNBC’s Bill Griffeth to take short-term real-estate figures “with a grain of salt.”
In the final installment of cnbc.com's exclusive interview series, the financial markets strategist speaks to CNBC’s Tyler Mathisen about inflation, the Fed and investing in 2007.