Fed warns of growing budget gap
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Federal Reserve Chairman Alan Greenspan says the growing US budget deficit might destabilize the economy. Fed Governor Susan Bies says Congress spends like it&#39;s dipping into a &quot;a cookie jar.
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The Federal Reserve must stand ready  to raise interest rates for fear the economy is growing faster  than realized and could be placed at risk if inflation surges,  Fed Chairman Ben Bernanke said on Thursday.
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The weekend decision by the Reserve Bank of India to drain banks' surplus funds to contain inflation may be a warning that demand pressures are building up in a fast-growing economy.
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Federal Reserve officials on Wednesday  expressed concern about a possible U.S. recession but warned  that the central bank cannot let down its guard when it comes  to fighting inflation.
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The global economy is set for another   year of strong growth, the International Monetary Fund said on   Thursday, but it warned that rising inflationary pressures and   a slowing U.S. economy were growing dangers.
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The longer U.S. policy-makers delay in putting Social Security and Medicare on a sound fiscal footing, the greater the burden on future generations, Federal Reserve Chairman Ben Bernanke said on Wednesday.
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Ben Bernanke, the chairman of the Federal Reserve, warns of the continuing pressures of inflation on the world's largest economy.
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Federal Reserve officials  said on Wednesday they wanted to avoid undermining growth by  raising interest rates too fast, a clear hint that a  half-percentage-point hike was not on the table for June.
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U.S. Federal Reserve officials are   expected to hold interest rates steady on Wednesday, but they   are also seen renewing an inflation warning even while taking   stock of cooler economic growth.
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Short-term U.S. Treasury prices were  under pressure on Thursday on fears the Federal Reserve might  soon take a more aggressive stance against inflation.
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The global economy is set for another  year of strong growth, the International Monetary Fund said on  Thursday, but it warned that rising inflationary pressures and  a slowing U.S. economy were growing dangers.
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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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Federal Reserve Chairman Alan Greenspan says the growing US budget deficit could destabilize the economy. Fed Governor Susan Bies says Congress spends like it&#39;s dipping into a ``a cookie jar.
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Federal Reserve officials on Wednesday expressed concern about a possible U.S. recession but warned that the central bank cannot let down its guard when it comes to fighting inflation.
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The U.S. budget deficit will balloon  to a cumulative $2.29 trillion over the next decade,  congressional analysts said on Tuesday, a worse outlook than  previously forecast and one likely to stir election-year debate  about President Bush's economic policies.
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It would signal that the Fed views a slowdown as a greater threat than inflation.
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As the Federal Reserve warns about the risk of inflation, a report this Wednesday on fourth-quarter productivity could carry considerable weight.