Fed Foresees Slower Economic Growth
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Federal Reserve policy makers are forecasting slower economic growth, higher unemployment and higher inflation.
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U.S. Federal Reserve officials  approach a key meeting next week worried both about not raising  interest rates enough to avert inflation and doing more than is  needed at the expense of economic growth.
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The U.S. economy grew at a  weaker-than-expected 3.1 percent annual pace in the final  quarter last year, its slowest since the beginning of 2003 as  the country's trade performance deteriorated and inflation  picked up, a government report on Friday showed.
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Federal Reserve Board Governor  Randall Kroszner said on Wednesday the U.S. central bank must  consider the lags with which interest rate changes affect the  economy, saying it looked set to slow.
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The minutes of the Federal ReserveÂs Aug. 8 meeting showed a general expectation that the economy would perform at a sub-par level through next year.
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Cleveland Federal Reserve Bank  President Sandra Pianalto said on Thursday the economy has  shifted to a lower growth track given restraints led by weak  housing prices and falling equities prices.
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The world economy will likely see slower economic growth in the coming months because of a correction in the United States's balance of payments deficit, Italy's finance minister said in an interview published Monday.
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WASHINGTON - The US economy continued to steam ahead in September and early October, but several districts reported slower growth amid rising energy costs, the Federal Reserve said Wednesday.
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The U.S. economy grew at a weaker-than-expected 3.1 percent annual pace in the final quarter of 2004 year, its slowest since the beginning of 2003 as the country's trade performance deteriorated and inflation picked up, a government report on Friday showed.
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When Federal Reserve policy makers meet on Wednesday to set interest rates, they will be paying less attention to what is happening to the economy than to what could happen.
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The Federal Reserve can slow down the pace of interest rate rises if the economy grows less rapidly than it expects, Philadelphia Fed President Anthony Santomero said on Friday.
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Near-record oil prices will slow US economic growth but won&#39;t be enough to derail a self-sustaining expansion, US Federal Reserve officials said on Monday.
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U.S. economic growth slowed abruptly  during the second quarter to less than half the pace seen at  the beginning of the year, while a key gauge of inflation  accelerated, the Commerce Department said on Friday.
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Federal Reserve economists think aging workers and a shrinking workweek mean the maximum sustainable U.S. economic growth rate may slow, Fed Governor Frederic Mishkin said on Thursday.
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GREENVILLE, South Carolina  - Federal Reserve   Chairman Ben Bernanke said on Thursday the potential   noninflationary growth rate of the U.S. economy has likely   declined due to slower labor force growth.
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Data released on Friday showed the   U.S. economy slowing with inflation in check last month,   providing further support for the Federal Reserve to hold   interest rates steady when it meets next week.
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Federal Reserve officials believed downside risks to U.S. economic growth had diminished between their May and June meetings, suggesting little likelihood that the current housing market downturn would spark a near-term cut in benchmark U.S. interest rates.