Bernanke: High energy prices hurt economy
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Surging energy prices are acting like a double whammy on the country's economy, crimping growth even as they push up inflation, Federal Reserve Chairman Ben Bernanke said Thursday.
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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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Federal Reserve credibility for keeping inflation low has helped cushion the economy from the shock of record oil prices, Fed Governor Ben Bernanke said on Friday.
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Federal Reserve Chairman Ben Bernanke told Congress Wednesday that even though the economy is likely to log more subdued growth this year due to the painful housing slump, the threat of an inflation flare-up still remains policymakers' biggest concern.
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The White House reiterated on  Tuesday that it considered energy prices too high but said the  economy would weather the impact.
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US Federal Reserve chairman Ben Bernanke says the outlook for the economy in 2008 has worsened.
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President Bush&#39;s economic advisers warned on) Sunday that high energy prices have become a drag on the US economy and not a threat to growth, chipping
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Ben S. Bernanke expressed concern Tuesday over trade imbalances between emerging and industrial nations.
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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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BRUSSELS The European Central Bank warned Thursday that the soaring price of oil had hurt prospects for economic recovery in the euro zone.
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Federal Reserve Chairman Ben Bernanke on Thursday acknowledged the economy faces increased risks and indicated the U.S. central bank is ready to cut interest rates aggressively to support growth.
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US Treasury Secretary John W. Snow on Sunday said record-high oil prices baffle the development of US economy. &quot;It&#39;s creating headwinds for the otherwise very strong economy
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JACKSON HOLE, Wyoming  - The Federal Reserve will take the necessary steps to shelter the economy from turmoil in financial markets but will not bail out investors who made mistakes, Fed Chairman Ben Bernanke said on Friday.
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WASHINGTON --Rising oil prices will weigh on economic growth, but the increases so far will not derail the expansion and need not fuel troubling inflation, Federal Reserve Board Governor Ben Bernanke said yesterday.
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Federal Reserve Chairman Ben Bernanke told Congress Thursday that the countryâs economic outlook has deteriorated.
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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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FRANKFURT  - European Central Bank President Jean-Claude Trichet warned that persistent high oil prices could dampen the strength of the economic recovery in the eurozone.