Fed's Poole says U.S. not heading into recession
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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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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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MONTERREY, Mexico  - A top U.S. Federal Reserve   official said on Monday the economy is doing well but inflation   remains a concern, in remarks that challenge views the central   bank will cut interest rates early next year.
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St. Louis Federal Reserve Bank President William Poole said on Monday the U.S. economy did not appear headed for recession and that the central bank was in a good position to provide a "stable policy base" to help volatile financial markets steady themselves over time.
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U.S. economic growth, while  improving, has not hit the pace it was expected to do by now,  Federal Reserve Governor Mark Olson said on Monday.
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High oil prices will probably brake US 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 U.S. Federal Reserve is not rushing to cut benchmark interest rates because it wants to break investors of the view that the central bank is there to bail them out, an article in the Wall Street Journal said on Thursday.
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A slowdown in the United States' housing market may have knocked as much as one percentage point off annual growth, but does not seem to have affected consumer demand much, a top Federal Reserve official said on Monday.
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Oil prices have shaped the Federal Reserve's outlook for the U.S. economy but an upgrade of second quarter GDP boosts its confidence that growth is regaining momentum, a top Fed policymaker said on Thursday.
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Ben S. Bernanke signaled that the Federal Reserve was not inclined to lower interest rates any time soon.
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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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Housing activity has slowed from recent years but the dragdown should not lead to a recession, mortgage finance company Freddie Mac  said on Thursday in its monthly economic outlook.
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U.S. core inflation is modest and the direct effect of the dollar's drop on prices has not been enormous, Federal Reserve Bank of St. Louis chief William Poole said on Saturday.
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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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Former Federal Reserve Chairman Alan Greenspan said on Monday the United States appears set to weather the bursting of a housing bubble without falling into recession.
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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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The recent slowdown in growth and higher oil prices probably won&#39;t stop interest rates from rising, a senior Federal Reserve official said yesterday.