Fed's Poole says doesn't see recession ahead
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St. Louis Federal Reserve Bank President William Poole said on Monday the U.S. economy did not appear headed for recession and that the central bank was in a good position to provide a "stable policy base" to help volatile financial markets steady themselves over time.
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St Louis Federal Reserve President  William Poole on Friday dismissed fears that the U.S. economy  was heading into a recession.
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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.
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U.S. economic growth, while improving, has not hit the pace it was expected to do by now, Federal Reserve Governor Mark Olson said on Monday.
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St. Louis Federal Reserve  Bank President William Poole said on Monday he feels evenly  split about the need for an 18th consecutive interest-rate hike  at the Fed's meeting next week.
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Problems in the U.S. subprime mortgage market are unlikely to push the U.S. economy into a recession over the next 12 months, the top economist for a leading U.S. business group said on Tuesday.
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In lowering its benchmark Federal funds rate again, the central bank acknowledged that its primary worry right now is an economic slowdown rather than rising inflation.
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Recent action by the Federal Reserve is likely to calm troubled  U.S. markets, but inflation remains a worry, a top U.S. central bank official said on Friday.
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If slowing US productivity growth is not accompanied by slimmer corporate profits, the Federal Reserve may have to raise interest rates faster than is now expected, Richmond Fed President Jeffrey Lacker said on Monday.
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The U.S. Federal Reserve is not rushing to cut benchmark interest rates because it wants to break investors of the view that the central bank is there to bail them out, an article in the Wall Street Journal said on Thursday.
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The Federal Reserve is unlikely to cut interest rates before its next scheduled meeting in late January but may consider doing so if the outlook deteriorates sharply before then, the Wall Street Journal reported on Monday.
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ALBUQUERQUE, N.M.  - High oil prices will probably  brake U.S. growth but will not derail the economy provided  there is not another sharp spike upwards, a top Federal Reserve  policymaker said on Tuesday.
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Federal Reserve Chairman Ben  Bernanke said on Wednesday a sharp slide in stock markets this  week has not changed the Fed's outlook for moderate U.S.  growth.
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U.S. inflation is under control right   now and the economy is unlikely to suffer from a bout of   "cascading weakness," St. Louis Federal Reserve President   William Poole said on Tuesday.
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ST. LOUIS  - Stress in the subprime mortgage market does not look great enough to derail consumer spending, St. Louis Federal Reserve Bank President William Poole said on Friday.
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Economists do not think the Fed cut will spread to the eurozone.
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The steep run-up in oil prices in recent years has not triggered either high inflation or recession, in large part because consumers and businesses expect price increases to remain tame, Federal Reserve Chairman Ben S. Bernanke said today.