Fed Chief Optimistic On U.S. Economy (Investor's Business Daily)
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Investor's Business Daily - The economy continues to grow at a decent clip with inflation well in hand, Federal Reserve Chairman Alan Greenspan told Congress Wednesday.
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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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Federal Reserve Chairman Ben S. Bernanke today said that the U.S. economy will be "sluggish" for months to come but should begin to recover later this year.
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The outlook for the US economy in the coming quarters is favourable despite a continued fall in personal savings, US Federal Reserve Chairman Alan Greenspan was quoted as saying on Saturday.
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Investor's Business Daily - Investors got a friendly package from FedEx Wednesday: big quarterly results and higher forecasts.
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Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that the administration and federal regulators are closely monitoring financial markets in the wake of the biggest sell-off in stock prices in more than five years but so far the markets appear to be "working well."
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PALO ALTO, Calif.  - 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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Investor's Business Daily - Dallas Fed President Richard Fisher said last Tue.&#39;s surprise 50-basis- point cut in the fed funds rate should help the U.S. economy grow faster than it was before the decision. &quot;There was room to cut, the question was by how much. We decided by 50 basis points . . . that was to provide a little more oomph to economic growth,&quot; he said. Markets had expected a quarter-point cut. Fisher said future rate moves could go in either direction.
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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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U.S. stocks rebounded on Wednesday after Federal Reserve Chairman Ben Bernanke said the economy was set to grow moderately, calming investors' anxiety a day after the Dow industrials had its worst tumble since the September 11, 2001, attacks.
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Investor's Business Daily - Even before Tuesday's 0.75% slash in the federal funds rate by the Federal Reserve, mortgage rates had been sliding. Last week's cut pulled down home loan rates more.
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U.S. stocks rebounded modestly on Wednesday as Federal Reserve Chairman Ben Bernanke reassured investors that the economy was set to grow moderately, a day after the Dow industrials' worst slide since the September 11, 2001, attacks.
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Federal Reserve Chairman Ben Bernanke told Congress so far the markets appear to be "working well," despite the biggest sell-off in stock prices in more than five years
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Investor's Business Daily - Predictable may be boring, but it&#39;s preferred by Janus Enterprise Fund.
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The Federal Reserve concludes a two-day meeting Thursday widely expected to hold interest rates steady and note signs of a rebound in the US economy, despite the persistent slump in housing, analysts say.
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Investor's Business Daily - The U.S. economy will grow 3% next year, up from an expected 2.3% in &#39;07, as housing demand stabilizes, according to a Chicago Fed survey. Inflation is expected to fall amid a slight drop in oil prices. Industrial production is seen rising 2.3% this year and 2.8% next.
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Investor's Business Daily - The Economic Cycle Research Institute&#39;s leading U.S. index edged down to 140.6 in the week ended Sept. 14 after climbing in the prior 2 weeks. The 4-week annualized growth rate ticked up to 0.4% from 0.3%, which was the lowest since last Oct. ECRI says readings would have to fall sharply negative before they&#39;d signal recession.