Bernanke says US economy can absorb oil prices

Federal Reserve Board Governor Ben Bernanke said on Monday 4 October that despite the sharp rise in world oil prices the US economy should be able to withstand the impact as long as they don't rise much further.

"Obviously the oil prices are a drag at the current time. But we think the economy can accommodate them at their current levels as long as they don't rise substantially more," Bernanke told reporters at an international bankers' conference here.

"There's a difference between rising and

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: