Oil Won't Derail U.S. Expansion -Bernanke
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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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The Federal Reserve's success in controlling inflation over the past two decades has helped prevent surging energy costs from spilling over to the broader economy and sending other prices soaring, Federal Reserve chairman Ben Bernanke said yesterday.
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IRVING, Texas  - 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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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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The chairman, Ben Bernanke, told Congress today that the economy will grow gradually but warned of risks to the outlook and the need to guard against inflation.
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U.S. stock futures were little changed on Friday as investors focused on a pullback in oil prices before manufacturing data and a speech by Federal Reserve Chairman Ben Bernanke that could give clues about the direction of interest rates.
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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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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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U.S. Treasury Secretary John Snow on  Friday said higher oil prices were a risk to global growth, but  were unlikely to trigger a recession.
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The economy is set to grow at a  sluggish pace in coming months but there are risks that  elevated levels of inflation excluding food and energy may not  recede, Federal Reserve Chairman Ben Bernanke said on Tuesday.
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High oil prices will probably brake U.S. growth but will not derail the economy provided there is not another sharp spike upwards, a top Federal Reserve policymaker said on Tuesday.
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JACKSON HOLE, Wyoming  - The Federal Reserve is set to act as needed to limit impacts of financial turmoil on the economy but will not bail out investors who made poor decisions, Fed Chairman Ben Bernanke said on Friday.
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Fed chief Alan Greenspan says energy prices are not yet a major economic threat, as oil touches $55 a barrel in New York.
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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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Federal Reserve Chairman Ben Bernanke said on Wednesday a sharp slide in stock markets this week has not changed the Fed's outlook for moderate U.S. growth.
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ALBUQUERQUE, N.M.  - High oil prices will probably  brake U.S. 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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U.S. stock futures were little changed on Friday as oil prices fell and investors braced for economic data and a speech by Federal Reserve Chairman Ben Bernanke that could shed light on the interest-rate outlook.