Fed's Fisher says U.S. likely to avoid recession
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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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Federal Reserve Bank of  Dallas President Richard Fisher said on Monday that slowing  U.S. economic growth should contain inflation but if it fails  to do so, the U.S. central bank must act.
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Federal Reserve Chairman Ben Bernanke told Congress on Wednesday the U.S. economy will grow gradually this year and gain steam in 2008, but warned there are many risks to the outlook and stressed the U.S. central bank is on guard against inflation.
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Investor's Business Daily - Dallas Fed President Richard Fisher said last Tue.&#39;s surprise 50-basis- point cut in the fed funds rate should help the U.S. economy grow faster than it was before the decision. &quot;There was room to cut, the question was by how much. We decided by 50 basis points . . . that was to provide a little more oomph to economic growth,&quot; he said. Markets had expected a quarter-point cut. Fisher said future rate moves could go in either direction.
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Problems in the U.S. subprime  mortgage market are unlikely to push the U.S. economy into a  recession over the next 12 months, the top economist for a  leading U.S. business group said on Tuesday.
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St. Louis Federal Reserve President William Poole on Friday dismissed fears that the U.S. economy was heading into a recession, and said there was no pressing need for the central bank to act against a falling stock market.
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Former Federal Reserve Chairman Alan Greenspan said yesterday that there is a "one-third probability" of a U.S. recession this year and that the current economic expansion won't have the staying power of its decade-long predecessor.
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Federal Reserve officials on Wednesday  expressed concern about a possible U.S. recession but warned  that the central bank cannot let down its guard when it comes  to fighting inflation.
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Problems in the U.S. subprime mortgage market are unlikely to push the U.S. economy into a recession over the next 12 months, the top economist for a leading U.S. business group said on Tuesday.
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ALBUQUERQUE, N.M.  - 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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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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World economic growth will slow significantly in 2008 but the U.S., whose housing downturn is rattling global financial markets, will avoid recession, the International Monetary Fund forecast Tuesday.
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Former Federal Reserve Chairman Alan  Greenspan was quoted as saying on Thursday that a recession in  the United States is possible, though not probable this year as  inventory problems in the economy are being addressed quickly,  Bloomberg reported.
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The US economy is resilient over time and growth is likely to remain in the 3-4 percent range, Minneapolis Federal Reserve President Gary Stern said on Friday.
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Former Federal Reserve Chairman Alan Greenspan says the odds the U.S. will fall into a recession are "clearly rising" and he believes economic growth is "getting close to stall speed."
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Federal Reserve chairman outlines plan to stop the world's largest economy from sliding into recession
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St. Louis Federal Reserve President William Poole on Friday dismissed fears that the U.S. economy was heading into recession, and said he saw no current grounds for the central bank to prop up falling stock markets.