Impact of oil on economy limited so far: Bodman
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High crude oil prices have  had some impact on U.S. economic growth but the pain is not on  the level seen during the energy price shocks of the 1970s,  U.S. Energy Secretary Sam Bodman said on Wednesday.
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Rising oil prices will weigh on US 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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Near-record oil prices will slow  U.S. economic growth but won't be enough to derail a  self-sustaining expansion, U.S. Federal Reserve officials said  on Monday.
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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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Soaring oil prices have dealt a blow to global economic growth in recent months, but fatter corporate profits and investment should facilitate a rebound in 2005, the OECD said Tuesday.
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The probability of a U.S. economic  recession is growing and high oil prices pose a significant  problem for the world's largest energy consumer, Energy  Secretary Sam Bodman said on Thursday.
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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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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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Is the Federal Reserve less sanguine about the effect the oil-price spike will have on the economy? Given the run-up in crude prices -- and rising fears that growth could be slowed measurably -- the markets
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High oil prices will probably brake US 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 the parallels with the oil shocks of past decades, the impact of the oil spike on the economy is likely to be much less intense than in previous surges.
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Although oil prices have remained at historically high levels for a while, market watchers and government officials said that complications might not be overwhelming due to an upgrading of the country&#39;s industrial structure.
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WASHINGTON: Global finance chiefs may admit this week that soaring oil prices are a cloud on a generally sunny world economic horizon but they will likely dismiss any chance they could drown growth.
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October 17, 2004 -- &quot;The impact of the current surge in oil prices, though noticeable, is likely to prove less consequential to economic growth and inflation than in the 1970s.
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LONDON, November 30  - The Organization for Economic Co-operation and Development (OECD) has reduced its global economic growth forecast for 2005 to reflect the negative impact of the high oil prices on global trade and consumer
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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.