Oil Won't Derail Expansion -Fed Officials
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Near-record oil prices will slow U.S. economic growth but won't be enough to derail a self-sustaining expansion, U.S. Federal Reserve officials said on Monday.
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US Federal Reserve policy-makers probably will keep nudging interest rates upward next year, trying to guard against inflation but moving moderately enough to keep the economy expanding.
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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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Rising oil prices will weigh on US 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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Alan Greenspan, the chairman of the Federal Reserve, said on Friday that the long-term outlook for global oil supplies is reassuring even though anxiety about dwindling
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Federal Reserve Chairman Alan Greenspan said yesterday that higher oil prices have had a &quot;noticeable&quot; affect on the US economy this year but are not likely to cause serious damage unless they move significantly higher.
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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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The world will be living with volatile oil prices for years to come, but this year&#39;s price spike should not be serious enough to push the country into a recession, Federal Reserve Chairman Alan Greenspan said on Friday.
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The economic expansion has firmed, yet inflation remains tame, Alan Greenspan, Federal Reserve chairman, said yesterday. That buttressed economists' views that the Fed for now will stick with its gradual approach to raising interest rates.
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High oil prices will probably brake US 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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More U.S. interest rate increases  lie ahead, but they would likely not need to be at a faster  pace because inflation is contained, Federal Reserve officials  said on Friday.
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Federal Reserve Governor Ben Bernanke said Monday the US economy will be able to weather higher oil prices. Speaking at a banking conference in Washington, Bernanke said that oil
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The surge in oil prices over the summer was not enough to derail the U.S. economy and the central bank sees no reason to pause in its interest-rate rises just yet, top Fed officials said on Thursday.
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St Louis Federal Reserve President  William Poole said on Friday that oil supply shocks need not  cause recessions and were no excuse for a central bank to allow  inflation to escape its control.
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Although oil prices have remained at historically high levels for a while, market watchers and government officials said that complications might not be overwhelming due to an upgrading of the country&#39;s industrial structure.
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Philly Fed president sees no need for central bank to halt rate hikes; employment set to rise. PHILADELPHIA  - The US economy is on course for sustainable expansion with little danger of inflationary
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WASHINGTON - Record global oil prices should have little long-term impact on the US recovery, nor should it even spark a new round of inflation, says Alan Greenspan, the US Federal Reserve chairman.