Fed's Hoenig: Oil Impact on Growth Modest
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LINCOLN, Neb.  - Record oil prices will only exert  a modest impact on U.S. growth which looks set for a solid  performance over the next 18 months, Federal Reserve Bank of  Kansas City President Thomas Hoenig said on Wednesday.
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High oil prices hit the US economy in the second quarter, but it has moved past this &quot;soft patch,&quot; Federal Reserve Bank of Dallas president Robert McTeer said yesterday, reinforcing views for further Fed rate hikes.
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WASHINGTON --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 recent spike in oil prices has had some negative impact on the U.S. economy, but the futures markets suggest that this will be a temporary phenomenon, a top Fed official said on Sunday.
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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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Rising oil prices will weigh on US economic growth but the increases seen so far will not derail the expansion, Federal Reserve Board Governor Ben Bernanke said on Monday.
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As oil prices continue to soar, the effect on United States corporate earnings will be under scrutiny this week. US stocks posted modest gains on Friday after Federal Reserve chairman Alan Greenspan
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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, Federal Reserve Board Governor Ben Bernanke said  on Monday.
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A Federal Reserve report painted a generally positive picture of an expanding economy Wednesday, while noting that in some regions, including California and neighboring states, &quot;growth had moderated somewhat.
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U.S. economic growth is expected to  slow in 2005 due to rising interest rates and high crude oil  prices, according to a forecast of participants at a Federal  Reserve Bank of Chicago conference released on Monday.
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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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The Chairman of the US Federal Reserve, Alan Greenspan, says he believes the current surge in global oil prices will not have the same impact on economic growth and inflation as the energy crisis of the 1970s.
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Record oil prices have taken a  "noticeable" toll on the U.S. economy but are not likely to  inflict the same level of pain as in the 1970s, Federal Reserve  Chairman Alan Greenspan said on 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 US economy has continued to grow in September and early October, but was hampered by record oil prices, a report from the Federal Reserve shows.
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Fed chief Alan Greenspan says energy prices are not yet a major economic threat, as oil touches $55 a barrel in New York.
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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.