US economy regains footing; Fed Chairman optimistic
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NEW YORK, September 8 (New Ratings) - The Federal Reserve Chairman, Alan Greenspan, reportedly said today that the US economy has regained its foothold, following a downturn during the summer months due to the soaring oil prices.
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With the US economy picking up steam, the year&#39;s fourth straight interest-rate hike looked like a certainty at Wednesday&#39;s meeting of the Federal Reserve&#39;s Open Market Committee, economists said.
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US Federal Reserve Board Chairman Alan Greenspan Wednesday gave a generally upbeat economic assessment to a congressional committee, saying the US economy seems over the last two months to have withstood the trauma of sharply rising energy prices.
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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.
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Federal Reserve Chairman Alan Greenspan will cement forecasts for higher US interest rates when he speaks on Wednesday after August jobs data backed his view that growth is back on solid ground, economists said.
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The US economy is resilient over time and growth is likely to remain in the 3-4 percent range, Minneapolis Federal Reserve President Gary Stern said on Friday.
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Federal Reserve Chairman Ben Bernanke said on Wednesday this week's sharp stock market drop had not changed the Fed's view that the U.S. economy was sound, remarks that helped shaken markets regain confidence.
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The U.S. economy has escaped a  recent soft patch and seems to be picking up steam, Federal  Reserve chief Alan Greenspan said on Wednesday in remarks  economists saw as cementing a September rate rise.
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US stocks rose on Wednesday after the Federal Reserve reassured by indicating that further interest-rate rises were likely to remain at a &quot;measured&quot; pace, as it increased rates by a quarter point.
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Satisfied that the economy is back on track, the Federal Reserve is likely to increase interest rates today, and in December as well.
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Federal Reserve chairman Ben Bernanke offered a mostly upbeat assessment of the economy yesterday, citing improvements in inflation and housing in comments suggesting the Fed will leave interest rates alone for a while.
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The United States is on course for sustained economic growth, with labor markets gradually firming and inflation likely to stay well contained, Federal Reserve Bank of San Francisco President Janet Yellen said on Friday.
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Federal Reserve chairman Ben S. Bernanke said stock markets "seem to be working well" after yesterday's global rout and the central bank still expects the U S economy to pick up.
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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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US stocks gained yesterday, after the Federal Reserve raised interest rates as expected, while it reassured investors that inflation was in check and indicated the economy was growing at a moderate pace.
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WASHINGTON - Federal Reserve Chairman Alan Greenspan said yesterday the economy has &quot;regained some traction&quot; after a late spring slowdown caused largely by high oil prices.
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THE US banking system is in very good shape after weathering a recession and several big bankruptcies, according to Federal Reserve chairman Alan Greenspan.