Fed boss says 2008 outlook worse
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US Federal Reserve chairman Ben Bernanke says the outlook for the economy in 2008 has worsened.
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Federal Reserve Bank of Atlanta  President Dennis Lockhart said on Monday there was heightened  uncertainty due to financial turmoil and he expected weak but  modest economic growth in the first half of this year.
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Federal Reserve Chairman Ben Bernanke said on Thursday the U.S. economy's prospects were worsening because of a weak housing sector and credit market turmoil and said the central bank was ready to act aggressively to bolster it.
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The top executive at General Motors  Corp said Sunday that the woes of the economy were a concern to  the automaker but predicted that the second half of 2008 would  be better than the first.
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The Federal Reserve tried to soothe Wall Streetâs nerves  Wednesday, but a fund manager frayed them by warning that two pillars of the financial markets might crumble.
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The Federal Reserve tried to soothe Wall Streetâs nerves on Wednesday, but a fund manager frayed them by warning that two pillars of the financial markets might crumble.
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The top executive at General Motors Corp  said on Sunday that the woes of the U.S. economy were a concern to the automaker, but predicted that the second half of 2008 would be better than the first half.
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Many argue that with the stock market falling and the economy flirting with recession, the Fedâs chairman should more aggressive than he has been so far.
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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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Former Federal Reserve chairman Alan Greenspan warned yesterday that the US economy might slip into recession by year's end.
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President of the US Federal Reserve Bank of Atlanta Jack Guynn said on Wednesday that the soft patch that the US economy hit recently was likely to be short-lived.
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CEO Steve Ballmer tells analysts that 2008 increase will be smaller and says some of their Windows revenue forecasts are too optimistic.
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US Federal Reserve chairman Ben Bernanke warns that the outlook for the US economy is deteriorating.
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Federal Reserve policy makers are forecasting slower economic growth, higher unemployment and higher inflation.
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Federal Reserve Chairman Ben S. Bernanke today said that the U.S. economy will be "sluggish" for months to come but should begin to recover later this year.
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ANCHORAGE, Alaska  - So-called core inflation, which removes food and energy costs, is a better way of forecasting future price pressures, San Francisco Federal Reserve President Janet Yellen said on Thursday.
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The US Federal Reserve chairman warns of the continuing pressures of inflation on the economy.