Greenspan-Fix Social Security to protect U.S. economy - 2005-03-15
U.S. lawmakers must act quickly to shore up the Social Security retirement system to avoid economically crippling budget deficits in the future, Federal Reserve Chairman Alan Greenspan warned on Tuesday.

Speaking to the Senate Special Committee on Aging, Greenspan said benefit cuts almost certainly will be required to cope with a rising tide of retirees, and Americans may have to work longer to finance their retirements.
Read the full story at Reuters

Fed must raise U.S. interest rates, says Yellen - 2005-03-15
The Federal Reserve needs to keep raising its benchmark U.S. interest rate target to a "neutral" level that keeps inflation in check while letting for sustainable economic growth, said Janet Yellen, president of the San Francisco Fed.

"I don't think we've reached neutral yet, but I don't know where it is," said Yellen in comments to reporters after a speech to the Western Independent Bankers Association Annual Conference in Kauai, Hawaii.
Read the full story at Inside Bay Area