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Latest John Snowacknowledged Stories

2005-06-28 18:52:21

By Kevin Plumberg NEW YORK (Reuters) - U.S. Treasury Secretary John Snowacknowledged on Tuesday that record high oil prices arebeginning to take their toll on the U.S. economy, but notenough to derail the economy's strong recovery. "Energy prices are way too high," Snow said on CNBCtelevision. "Clearly, it's hurting." After hitting a three-month low in May, U.S.-traded oilfutures have risen around 32 percent to a record high of $60.95a barrel on Monday. In early trading Tuesday, oil...

2005-06-28 14:52:27

By Kevin Plumberg NEW YORK (Reuters) - U.S. Treasury Secretary John Snowacknowledged on Tuesday that record high oil prices arebeginning to take their toll on the U.S. economy, but notenough to derail the economy's strong recovery. "Energy prices are way too high," Snow said on CNBCtelevision. "Clearly, it's hurting." After hitting a three-month low in May, U.S.-traded oilfutures have risen around 32 percent to a record high of $60.95a barrel on Monday. In early trading Tuesday, oil...