Fed chief: higher energy prices will have limited effect on ...
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This year&#39;s oil price surge will not be a replay of the oil shocks of the 1970s and 1980s that sent the United States into a series of recessions, Federal Reserve Chairman Alan Greenspan said Friday.
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Federal Reserve Chairman Ben Bernanke said Tuesday that risks from inflation or a worse-than-expected housing slump could further complicate things for an economy that already is in slowdown mode.
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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.
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The recent spike in oil prices has had some negative impact on the U.S. economy, but the futures markets suggest that this will be a temporary phenomenon, a top Fed official said on Sunday.
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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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High oil prices will probably brake U.S. growth but will not derail the economy provided they do not rise sharply from current levels, top Federal Reserve policymakers said on Tuesday.
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WASHINGTON - This year's surge in energy prices is likely to have far less of an impact on the economy than the oil shocks of the 1970s, Federal Reserve Chairman Alan Greenspan said Friday.    Greenspan predicted that the global economy will adjust to the recent surge in prices, which has seen oil topping $50 per barrel, by boosting energy exploration and production and by increasing fuel efficiency...
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U.S. core inflation is modest and the direct effect of the dollar's drop on prices has not been enormous, Federal Reserve Bank of St. Louis chief William Poole said on Saturday.
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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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While the U.S. economy is at some  risk of a slowdown, it will probably avoid a recession, and any  downturn is unlikely to be severe, Dallas Fed President Richard  Fisher said on Thursday.
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High oil prices do not mean a rerun of the damage caused by the "oil shocks" of the 1970s, Fed chief Alan Greenspan says.
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A senior US Federal Reserve official said Thursday the recent spike in oil prices would almost certainly impact on the US economy, although it may not be as significant as the shocks of the 1970s and 1980s.
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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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WASHINGTON -- Federal Reserve Chairman Ben Bernanke said Tuesday that risks from inflation or a worse-than-expected housing slump could further complicate things for an economy that already is in slowdown mode.
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The impact of the current surgein oil prices, though noticeable, is likely to prove less consequential to economic growth and inflation than in the 1970s, US Federal Reserve Chairman Alan Greenspan said Friday.
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Record oil prices are creating headwinds for the US 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 yearâs price spike should not be serious enough to push the US into a recession, US Federal Reserve Chairman Alan Greenspan said yesterday.