Appointed chairman of the nation's central bank just two months before the stock market crash of 1987, American economist Alan Greenspan (born 1926) acted quickly to avert a general financial collapse. Alan Greenspan was born in New York City on March...

Now he tells us. Alan Greenspan has come out from behind the cloud of gas where he had hidden himself for the past couple of decades to say in public what he should have said years ago when it might have mattered. In his book,...

Alan Greenspan has retired as chairman of the Federal Reserve, so Senate Democratic leader Harry Reid has to find someone else to brand as Washington's biggest "political hack.""I could give that designation to someone else," Reid said in a broadcast interview Sunday. "I don't think...

America's chief executives are feeling pretty good about business prospects with most expecting sales to increase, although Wall Street investors have expressed anxiety recently about the economy's direction.A survey by the Business Roundtable, released Wednesday, also showed that many executives expected capital investment and hiring...

Federal Reserve Chairman Ben Bernanke has a complex job manning the world's largest economy, but when it comes to his own finances he keeps it pretty simple.The chairman's financial disclosure form, released Tuesday, showed that Bernake's holdings last year were in no-frills investments, including U.S....

Parsing every word provided by Fed officials risks losing sight of the forest by getting too close to the trees, given that the Fed has clearly expressed its chief concern; the economy is operating at high utilization rates of capital and labor, so above trend growth worsens inflation risks. Therefore, the Fed will hike interest rates into a restrictive zone, as long as growth remains above trend. They will let the market sort out all the details, including whether the curve should be inverted.