Oil Won't Derail U.S. Expansion -Bernanke
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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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Federal Reserve Chairman Ben Bernanke expressed confidence on Wednesday in the health of the U.S. economy despite a housing slowdown and said the outlook for inflation was generally benign, but not without risks.
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The Chairman of the US Federal Reserve, Alan Greenspan, says he believes the current surge in global oil prices will not have the same impact on economic growth and inflation as the energy crisis of the 1970s.
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Federal Reserve Chairman Ben Bernanke expressed confidence on Wednesday in the health of the U.S. economy despite a housing slowdown, but warned of risks to the current generally benign outlook for inflation.
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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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PALO ALTO, California  - Global factors may on balance have boosted U.S. inflation, but globalization has not affected the ability of the Federal Reserve to influence U.S. financial conditions, Fed Chairman Ben Bernanke said on Friday.
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This year&#39;s oil price surge will not be a replay of the oil shocks of the 1970s and 1980s that sent the United States into a series of recessions, Federal Reserve Chairman Alan Greenspan said Friday.
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The world will be living with volatile oil prices for years to come, but this year's price spike should not be serious enough to push the country into a recession, Federal Reserve Chairman Alan Greenspan said Friday.
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Federal Reserve credibility for keeping inflation low has helped cushion the economy from the shock of record oil prices, Fed Governor Ben Bernanke said on Friday.
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The U.S. economy is poised to expand at a moderate rate and "uncomfortably high" core inflation should slow, but inflation risks are "primarily to the upside," Federal Reserve Chairman Ben Bernanke said on Tuesday.
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WASHINGTON : Soaring oil prices should inflict less damage on US economic growth and inflation than the 1970s oil shock, Federal Reserve chairman Alan Greenspan revealed.
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ALBUQUERQUE, NM (CBS.MW) -- The US economy is &quot;generally sound&quot; and should not be derailed by higher oil prices, Thomas Hoenig, the president of the Federal Reserve Bank of Kansas City, said Tuesday.
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Federal Reserve Chairman Ben  Bernanke told Congress on Wednesday the U.S. economy will grow  gradually this year and gain steam in 2008, but warned there  are many risks to the outlook and stressed the U.S. central  bank is on guard against inflation.
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Global factors may on  balance have boosted U.S. inflation, but globalization has not  affected the ability of the Federal Reserve to influence U.S.  financial conditions, Fed Chairman Ben Bernanke said on Friday.
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The Federal Reserve's success in controlling inflation over the past two decades has helped prevent surging energy costs from spilling over to the broader economy and sending other prices soaring, Federal Reserve chairman Ben Bernanke said yesterday.
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Ben Bernanke says Federal Reserve is ready to act aggressively if needed to support growth
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Fed chief Alan Greenspan says energy prices are not yet a major economic threat, as oil touches $55 a barrel in New York.