Fed: Economic Growth on Track
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US economic expansion remains on track and inflation under control, top Federal Reserve officials said Wednesday in comments likely to reinforce views the Fed will hike rates again this year.
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PALO ALTO, Calif.  - The U.S. economy is on track  for sustainable above-trend growth, and with monetary policy  still accommodative, interest rates will keep rising,  San  Francisco Federal Reserve Bank President Janet Yellen said on  Friday.
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U.S. economic activity expanded from  mid-April through May, with a number of areas reporting  stronger growth, the Federal Reserve said on Wednesday.
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Top Federal Reserve policy-makers  generally agreed on Thursday that U.S. economy was growing  nicely despite weak job growth and spiraling trade gaps.
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Ben S. Bernanke said that while inflation is still the main concern, economic growth is under control.
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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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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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MONTERREY, Mexico  - Federal Reserve Bank of   Dallas President Richard Fisher said on Monday that U.S.   economic growth outside of the housing and car sectors   continued to forge ahead.
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U.S. economic growth, while improving, has not hit the pace it was expected to do by now, Federal Reserve Governor Mark Olson said on Monday.
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The U.S. economy appears to be  getting on a sustainable growth path with GDP expected to grow  2.8 percent in 2007, and the risks of inflation are slightly  higher than those of an economic slowdown, according to a  survey of economists released on Monday.
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The U.S. economy continued its  expansion over the past month, with labor market conditions  improving and business lending on the rise, the Federal Reserve  said on Wednesday.
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WASHINGTON - The US economy continued to steam ahead in September and early October, but several districts reported slower growth amid rising energy costs, the Federal Reserve said Wednesday.
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U.S. economic activity expanded from mid-April through May, with a number of areas reporting stronger growth, the Federal Reserve said on Wednesday.
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Oil prices have shaped the Federal Reserve's outlook for the U.S. economy but an upgrade of second quarter GDP boosts its confidence that growth is regaining momentum, a top Fed policymaker said on Thursday.
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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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The US economy continued to grow in the early fall despite being buffeted by rising energy costs and hurricanes, the Federal Reserve said Wednesday, providing its last snapshot of business conditions before Election Day.
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The U.S. economy is growing robustly   despite a slowing housing sector, although inflation remains   above the central bank's comfort level, two top Federal Reserve   officials said on Monday.