Fed on Tightening Path, Unfazed by Oil
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The surge in oil prices over the  summer was not enough to derail the U.S. economy and the  central bank sees no reason to pause in its interest-rate rises  just yet, top Fed officials said on Thursday.
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&quot;The sharp rise in oil prices has contributed to the weakening of the expansion in recent months, and will likely continue to do so for several quarters,&quot; the IMF report said.
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More U.S. interest rate increases  lie ahead, but they would likely not need to be at a faster  pace because inflation is contained, Federal Reserve officials  said on Friday.
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With little doubt about the Federal Reserve's plans for a quarter-point rate hike, financial markets were focusing on another question: When will the Fed stop?
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WASHINGTON : Soaring oil prices should inflict less damage on US economic growth and inflation than the 1970s oil shock, Federal Reserve chairman Alan Greenspan revealed.
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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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Will today&#39;s careening crude oil prices reprise That &#39;70s Show? Not according to Alan Greenspan. The Federal Reserve chairman said this year&#39;s price climbs will likely have a far gentler impact on the economy
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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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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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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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Despite a report showing inflation in check, a worsening housing slump and a mixed economic outlook could put the Fed in a tight spot as it considers its next steps.
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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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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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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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WASHINGTON -- The Federal Reserve, under first-year Chairman Ben Bernanke, appears close to achieving the tricky maneuver of steering the U.S. economy to a soft landing.
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The steep run-up in oil prices in recent years has not triggered either high inflation or recession, in large part because consumers and businesses expect price increases to remain tame, Federal Reserve Chairman Ben S. Bernanke said today.
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Weighed down by high energy prices, the economy was even more sluggish than initially believed during the second quarter. But Federal Reserve policy-makers believe the pace will pick up in coming months, something President Bush is counting on as the election approaches.