US economy 'will avoid recession'
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The US economy will grow in 2008, the White House says, shrugging off concerns that the US is facing a recession.
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While the U.S. economy is at some  risk of a slowdown, it will probably avoid a recession, and any  downturn is unlikely to be severe, Dallas Fed President Richard  Fisher said on Thursday.
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Policy-makers assured nervous investors on Friday that the United States was not heading into recession and stock market losses did not warrant central bank intervention.
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EMERYVILLE, California  - A slowdown could keep   the U.S. economy from growing at a sustainable pace into   sometime next year, San Francisco Federal Reserve President   Janet Yellen said on Tuesday.
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The US economy should expand modestly in coming months as a healthy job market continues to trump weakness in housing prices, a gauge of future business activity showed yesterday.
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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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Treasury Secretary Henry Paulson on Wednesday stood by his view that the U.S. economy will avoid recession this year and said the Treasury will act quickly to distribute tax rebate payments.
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The world will be living with volatile oil prices for years to come, but this yearâs price spike should not be serious enough to push the US into a recession, US Federal Reserve Chairman Alan Greenspan said yesterday.
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Business & money: US will bear brunt of slowdown in economic growth, global stability report says.
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TOKYO -- Former US Federal Reserve chairman Alan Greenspan said yesterday that he didn't think an economic downturn in his country was "probable," toning down his earlier warning over a recession later this year.
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St. Louis Federal Reserve President William Poole on Friday dismissed fears that the U.S. economy was heading into a recession, and said there was no pressing need for the central bank to act against a falling stock market.
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Don't expect lawmakers to stave off a downturn, if that's where the economy is headed.
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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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The odds of a recession in the United  States are "clearly rising" due to the slowing rate of economic  growth, former Federal Reserve Chairman Alan Greenspan said in  an interview with National Public Radio.
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The slowing U.S. economy is unlikely to sink into an election-year recession and an economic rebound could begin as early as next year as housing and financial market turmoil fades, the Congressional Budget Office forecast on Wednesday.
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The US economy will expand at a more moderate pace in 2007, according to a Securities Industry and Financial Markets Association forecast issued yesterday.
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A slowdown could keep  the U.S. economy from growing at a sustainable pace into  sometime next year, San Francisco Federal Reserve President  Janet Yellen said on Tuesday.