Fed: US can weather higher oil prices
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Federal Reserve Governor Ben Bernanke said Monday the US economy will be able to weather higher oil prices. Speaking at a banking conference in Washington, Bernanke said that oil
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The US economy has continued to grow in September and early October, but was hampered by record oil prices, a report from the Federal Reserve has shown.
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IRVING, Texas  - 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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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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This year'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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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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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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Oil futures prices bolted 5 percent higher yesterday, climbing above $44 a barrel after US government data showed a slight decline in crude and heating oil supplies
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Soaring oil prices should inflict less damage on US economic growth and inflation than the 1970s oil shock, Federal Reserve chairman Alan Greenspan said.
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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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Oil soared above $90 a barrel on Friday, lifted by a broader stock market rally as the United States confirmed an economic stimulus plan to ward off a recession in the world's top energy consumer.
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Alan Greenspan says oil prices will have to rise a lot more before they have a serious impact on the American economy. The Chairman of the US Federal Reserve Board told a Washington audience the impact of
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Oil prices rise amid colder weather in the US and speculation that oil cartel Opec might cut output.
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THE US Federal Reserve has raised interest rates for the third time this year in spite of a renewed surge in oil prices. The widely expected move took the funds rate up a quarter-point to 1.75 per cent, following similar moves in August and June.
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Federal Reserve Chairman Alan Greenspan said yesterday that higher oil prices have had a &quot;noticeable&quot; affect on the US economy this year but are not likely to cause serious damage unless they move significantly higher.
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Oil shrugged off early losses to rise above $79 a barrel on Monday, within sight of its record high, as the market focused on a Federal Reserve meeting that is widely expected to cut interest rates.
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WASHINGTON -- High oil prices, a factor in virtually all US recessions over the past three decades, are surging again this year. And the higher crude oil prices climb, the more risk energy costs pose to what, until recently, many expected to be a banner year for the US economy.