Fed sees expanding economy
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U.S. economic activity expanded from  mid-April through May, with some regions reporting stronger  growth, the Federal Reserve said on Wednesday.
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The Federal Reserve must stand ready to raise interest rates for fear the economy is growing faster than realized and could be placed at risk if inflation surges, Fed Chairman Ben Bernanke said on Thursday.
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The U.S. economy grew at a faster   clip and inflation was slower than originally reported in the   second quarter, a government report said on Wednesday,   suggesting the Federal Reserve will keep interest rates steady.
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Many parts of the US see economic growth increase in April and May, the Federal Reserve's Beige Book says.
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Ben S. Bernanke said that he expects the economy to regain speed after a few months of âsluggishâ growth.
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The U.S. Federal Reserve would raise interest rates if inflation moved higher, Fed Chairman Ben Bernanke said on Thursday, warning that the economy might be stronger than it appears.
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Federal Reserve Chairman Ben Bernanke on Thursday acknowledged the economy faces increased risks and indicated the U.S. central bank is ready to cut interest rates aggressively to support growth.
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Fed chairman Alan Greenspan says the US economy is continuing to grow, but  warns about inflation and the budget deficit.
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The U.S. economy could be seeing a  "great rotation" from household spending to investment that  will set the stage for more healthy growth, Federal Reserve  Bank of Dallas President Richard Fisher said on Wednesday.
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Federal Reserve officials raised a key short-term interest rate Tuesday for the fifth time this year, and indicated they will gradually move rates higher next year to keep inflation under control as the economy expands.
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Federal Reserve chairman Ben S. Bernanke said the US economy will pick up in the coming year and emphasized that inflation remains his greatest concern.
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The U.S. economy could be seeing a   "great rotation" from household spending to investment that   will set the stage for more healthy growth, Federal Reserve   Bank of Dallas President Richard Fisher said on Wednesday.
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The US economy continued to expand in September and early October in spite of rising energy costs, the Federal Reserve said Wednesday in its Beige Book, a survey of business activity around the country.
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Federal Reserve officials raised a key short-term interest rate today and indicated they will continue lifting rates gradually this year to keep inflation in check as the economy grows.
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PALO ALTO, Calif.  - The U.S. economy is on track  for sustainable above-trend growth, and with monetary policy  still accommodative, interest rates will keep rising,  San  Francisco Federal Reserve Bank President Janet Yellen said on  Friday.
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The Federal Reserve will keep lifting  U.S. interest rates to less stimulative levels but will focus  increasingly on economic data as they make their decisions, a  raft of Fed officials suggested on Tuesday.
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Rising oil prices will weigh on U.S. economic growth but the increases seen so far will not derail the expansion, Federal Reserve Board Governor Ben Bernanke said on Monday.