Ben Bernanke Production Quotations

Those high oil prices are a burden on U.S. families, on firms' production costs. But the good news is that at least so far the U.S. economy has not been slowed by the high energy prices.

impact on consumer spending and production broadly will be modest.

High energy prices are burdening household budgets and raising production costs, and continued increases would at some point restrain economic growth.

There is of course the direct impact of the shutting down of the U.S. economy, the loss of several hundred thousand jobs at least, and reduced output production in the Gulf,