Oil Troublesome Says a Fed President
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Record oil prices are creating  headwinds for the U.S. economy but do not place its recovery at  risk, Dallas Federal Reserve Bank President Robert McTeer said  on Monday.
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President George W. Bush complained on Tuesday about soaring oil prices and the threat posed to the U.S. economy during the second day of his visit to Saudi Arabia, the world's biggest oil exporter.
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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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President Bush used his visit to Saudi Arabia today to push for increased oil production to help the U.S. economy by forcing fuel costs down. "Oil prices are very high, which is tough on our economy," Bush said on the second day of his visit to the Islamic kingdom.
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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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By Malcolm Moore, Economics Correspondent (Filed: 29/09/2004). Oil shot through $50 a barrel for the first time yesterday as the President of Opec admitted the cartel &quot;cannot do anything&quot; to help and warned of a global recession.
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Federal Reserve chairman outlines plan to stop the world's largest economy from sliding into recession
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The impact of the current surgein oil prices, though noticeable, is likely to prove less consequential to economic growth and inflation than in the 1970s, US Federal Reserve Chairman Alan Greenspan said Friday.
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Rising oil prices will weigh on US 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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The recent spike in oil prices has had some negative impact on the US economy, but the futures markets suggest that this will be a temporary phenomenon, a top Fed official said on Sunday.
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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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High oil prices do not mean a rerun of the damage caused by the "oil shocks" of the 1970s, Fed chief Alan Greenspan says.
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International oil markets have enough  oil, but a lack of capacity to refine it was contributing to  high prices, OPEC&#39;s president told reporters on Sunday.
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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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Falling oil prices hurt energy stocks and a Fed officialâs comments on interest rates also soured the marketâs early good mood.
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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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President Bush warned Tuesday that surging oil prices threaten the U.S. economy and urged OPEC nations to boost their output. His plea drew little sympathy from oil-rich Saudi Arabia, which said production levels appear normal.