Fed Chief Hints at More Interest Rate Rises
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Fed Chairman Alan Greenspan said today that economic expansion had "regained some traction," and suggested that the central bank would stick to its plan of gradually raising interest rates.
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Federal Reserve officials are set to  jack up interest rates on Tuesday for a fifth time this year,  confident the U.S. expansion is self-supporting and no longer  in need of rock-bottom borrowing costs for a boost.
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The U.S. Federal Reserve on Wednesday raised interest rates for a sixth straight time, extending a policy of gradually lifting borrowing costs to levels high enough to ward off inflation pressures.
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The Federal Reserve must stand ready to raise interest rates for fear the economy is growing faster than realized and could be placed at risk if inflation surges, Fed Chairman Ben Bernanke said on Thursday.
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The US Federal Reserve will take another small step this week toward raising interest rates to more normal levels, but may be getting rates up to a point that allows for a pause in increasing them, analysts say.
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Further interest rate increases by the Federal Reserve will be made at a &quot;measured&quot; pace, Minneapolis Fed President Gary Stern said on Friday.
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The Federal Reserve appears poised to continue raising interest rates for most if not all of this year.
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SAN FRANCISCO (CBS.MW) -- Matching job growth and economic growth are key to the Fed&#39;s pace of raising short-term interest rates, Janet Yellen, president of the San Francisco Federal Reserve Bank, said in an interview published Sunday.
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Federal Reserve officials raised a key short-term interest rate Tuesday for the fifth time this year, and indicated they will gradually move rates higher next year to keep inflation under control as the economy expands.
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WASHINGTON - Another small hike in United States interest rates is seen as a certainty when Federal Reserve policy-makers meet today.
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Federal Reserve policy-makers raised interest rates yesterday for the fifth time this year and suggested they will continue gradual rate increases in 2005.
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The recent slowdown in growth and higher oil prices probably won&#39;t stop interest rates from rising, a senior Federal Reserve official said yesterday.
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US interest rates still need to rise to reach a level that would be consistent with a sustained, noninflationary economic expansion, Federal Reserve Board Governor Mark Olson said on Monday.
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Philadelphia Federal Reserve Bank President Charles Plosser on Wednesday said that more policy tightening may be needed to keep price rises in check as the economy resumes growth.
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A slowdown in the US economy could justify a pause in the Federal Reserve&#39;s interest rate increases, Fed Governor Ben Bernanke said on Thursday.
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Federal Reserve chairman Ben Bernanke offered a mostly upbeat assessment of the economy yesterday, citing improvements in inflation and housing in comments suggesting the Fed will leave interest rates alone for a while.
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Washington - With the US economy expanding at a respectable pace, companies hiring and consumers inclined to spend, Federal Reserve policy makers can feel comfortable about boosting short-term interest rates for a fourth time this year.