Hoenig: High Oil Will Not Derail Economy
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ALBUQUERQUE, N.M.  - High oil prices will probably  brake U.S. growth but will not derail the economy provided  there is not another sharp spike upwards, a top Federal Reserve  policymaker said on Tuesday.
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Lofty oil prices may make the road ahead a little steeper, but the economy is on track to emerge from a recent soft patch intact, private-sector economists at a weekend retreat agreed.
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Federal Reserve Chairman Alan Greenspan said Friday that higher oil prices have had a &quot;noticeable&quot; affect on the U.S. economy this year but are unlikely to cause serious damage unless they move significantly higher.
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A Goldman Sachs  projection that  oil prices could top &#36;100 a barrel in the event of a major  supply disruption could be conservative in the current tight  market, said a senior executive with the investment bank.
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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 and need not fuel a troubling inflation, Federal  Reserve Board Governor Ben Bernanke said on Monday.
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High oil prices pose a risk to the global economy, but the economic outlook for 2005 is still favorable, the Group of Seven nations said in a statement following their meeting on Friday.
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TOKYO: Rising oil prices are unlikely to deal a major blow to global economic growth although the trend may seem &quot;uncomfortable,&quot; a researcher with the International Monetary Fund says.
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High oil prices will probably brake U.S. growth but will not derail the economy provided they do not rise sharply from current levels, top Federal Reserve policymakers said on Tuesday.
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The surge in crude-oil prices to 50 dollars a barrel is likely to hold back the US economy but probably not cause a recession, analysts say.
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Record oil prices are creating  headwinds for the U.S. economy but do not place its recovery at  risk, Dallas Federal Reserve Bank President Robert McTeer said  on Monday.
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Record oil prices will not sink the US economy and China is moving toward a more flexible exchange rate that also helps safeguard world growth, a top US Treasury official said on Thursday.
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Oil will continue to trend higher  after hitting fresh highs over $82 a barrel but is unlikely to  puncture the $100 level this year, Texas oilman and investor T.  Boone Pickens said on Wednesday.
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WASHINGTON --Rising oil prices will weigh on economic growth, but the increases so far will not derail the expansion and need not fuel troubling inflation, Federal Reserve Board Governor Ben Bernanke said yesterday.
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Don't drown in the changing economic tides.
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U.S. Treasury Secretary John Snow on  Friday said higher oil prices were a risk to global growth, but  would not be likely to cause a recession.
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WASHINGTON - This year's surge in energy prices is likely to have far less of an impact on the economy than the oil shocks of the 1970s, Federal Reserve Chairman Alan Greenspan said Friday.    Greenspan predicted that the global economy will adjust to the recent surge in prices, which has seen oil topping $50 per barrel, by boosting energy exploration and production and by increasing fuel efficiency...
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Record oil prices are creating headwinds for the US economy but do not place its recovery at risk, Dallas Federal Reserve Bank President Robert McTeer said on Monday.