Oil Won't Derail U.S. Expansion -Bernanke
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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.
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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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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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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 steep run-up in oil prices in recent years has not triggered either high inflation or recession, in large part because consumers and businesses expect price increases to remain tame, Federal Reserve Chairman Ben S. Bernanke said today.
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The economy is set to grow at a  sluggish pace in coming months but there are risks that  elevated levels of inflation excluding food and energy may not  recede, Federal Reserve Chairman Ben Bernanke said on Tuesday.
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Record oil prices have taken a  "noticeable" toll on the U.S. economy but are not likely to  inflict the same level of pain as in the 1970s, Federal Reserve  Chairman Alan Greenspan said on Friday.
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Federal Reserve Chairman Ben Bernanke said on Wednesday that increased immigration can help support the aging U.S. population, but that on its own it will not solve coming economic challenges.
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Global factors may on  balance have boosted U.S. inflation, but globalization has not  affected the ability of the Federal Reserve to influence U.S.  financial conditions, Fed Chairman Ben Bernanke said on Friday.
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The U.S. economy is poised to expand  at a moderate rate and "uncomfortably high" core inflation  should slow, but inflation risks are "primarily to the upside,"  Federal Reserve Chairman Ben Bernanke said 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 and need not fuel a troubling inflation, Federal  Reserve Board Governor Ben Bernanke said on Monday.
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Federal Reserve Chairman Ben Bernanke expressed confidence on Wednesday in the health of the U.S. economy despite a housing slowdown, but warned of risks to the current generally benign outlook for inflation.
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This year's oil price surge will not be a replay of the oil shocks of the 1970s and 1980s that sent the United States into a series of recessions, Federal Reserve Chairman Alan Greenspan said Friday.
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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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U.S. stock futures were little changed on Friday as oil prices fell and investors braced for economic data and a speech by Federal Reserve Chairman Ben Bernanke that could shed light on the interest-rate outlook.
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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 upward, a top Federal Reserve  policymaker said on Tuesday.
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The speed at which  the U.S. economy can grow without risking inflation has likely  dropped due to slower labor force growth, but the productivity  gains that help restrain inflation should stay strong, Federal  Reserve Chairman Ben Bernanke said on Thursday.