Fed Governor Assessment of Economy Upbeat
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Federal Reserve Governor Susan Bies on Thursday delivered an upbeat assessment of the U.S. economy, saying both the household and business sectors appeared to be in good shape.
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With the U.S. economy picking up steam, the year's fourth straight interest-rate hike looked like a certainty at Wednesday's meeting of the Federal Reserve's Open Market Committee, economists said.
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Federal Reserve Chairman Ben Bernanke offered a mostly upbeat assessment of the economy Wednesday, citing improvements in inflation and housing in comments suggesting the Fed will leave interest rates alone for a while.
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Minutes from the Federal Reserveâs meeting last month also indicate that members were confident that the economy would survive the housing slump.
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Stocks rose on Thursday, on optimism about government and central bank efforts to boost the economy.
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Germany's economy minister gives an upbeat assessment of the economy, forecasting growth of up 2.5%.
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The economy grew more rapidly than   originally reported in the second quarter but an inflation   gauge was slightly lower, a government report said on   Wednesday, suggesting the Federal Reserve may be able keep   interest rates steady.
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The U.S. economy will pick up steam  this year as inflation fades and current interest rates are not  obstructing this recovery, Kansas City Federal Reserve Bank  President Thomas Hoenig said on Wednesday.
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A Federal Reserve report painted a generally positive picture of an expanding economy Wednesday, while noting that in some regions, including California and neighboring states, &quot;growth had moderated somewhat.
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CODY, Wy.  - The U.S. economy will pick up steam this year as inflation fades and current interest rates are not obstructing this recovery, Kansas City Federal Reserve Bank President Thomas Hoenig said on Wednesday.
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With the US economy picking up steam, the year&#39;s fourth straight interest-rate hike looked like a certainty at Wednesday&#39;s meeting of the Federal Reserve&#39;s Open Market Committee, economists said.
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The British-based bank delivers an upbeat outlook and modest writedowns.
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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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Bullish economic outlooks encourage investors.
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The U.S. economy is on track for sustainable above-trend growth, and with monetary policy still accommodative, interest rates will keep rising,  San Francisco Federal Reserve Bank President Janet Yellen said on Friday.
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U.S. Federal Reserve Governor Randall  Kroszner said on Friday that while inflation was under close  scrutiny, it remained manageable, and reiterated the view held  by the central bank that growth will moderate this year.
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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.