Nonetheless, the Fed Governor suggested it does explain the lower levels of consumer spending.
Manufacturing in the US kept expanding in March as business investment and consumer spending improved.
Because credit is less available and consumer spending is down, employment starts to fall.
Their consumer spending rose almost three times as fast as in the developed world.
Consumer spending is sluggish, partly because wages are declining and unemployment has started to inch up.
This will help folks weathering these storms, while boosting consumer spending and promoting job growth.
For all of 2011, consumer spending increased 2.2 percent, compared with 2 percent in 2010.
Indeed, fourth-quarter consumer spending, while up 2 percent, grew more slowly than in the third quarter.
Several analysts lowered earnings forecasts as product delays and slowed consumer spending reduced sales.
This lack of affordable consumer credit undermines consumer spending and as a result weakens our economy.
The measure is closely-watched as consumer spending accounts for about 70% of US economic activity.
The Commerce Department said Monday that consumer spending rose 0.2 percent in March from February.
Consumer spending was actually stronger in March after adjusting for the drop in gas prices.
And I think companies will start to earn more and that will boost consumer spending.
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Lastly, significantly higher oil prices would impinge already-strained consumer spending habits and lead to economic decline.
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Retailers Halfords and Carpetright have both issued profit warnings, as UK consumer spending remains tight.
And it noted that consumer spending which drives most of the economy grew modestly.
Consumer spending expanded more than expected last month, the largest jump in seven months.
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No one is sure just how responsive consumer spending is to changes in house prices.
Stagnant wages are holding back consumer spending and thus hurting the demand side of the economy.
It also highlighted the high price of petrol and its impact on general consumer spending.
Brutal competition, tightened consumer spending and rising commodity costs have all contributed to the company's woes.
The greater-than-forecast climb in GDP was driven by consumer spending and an improved housing market.
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This time was different, as reduced consumer spending was 32% contribution of GDP's negative result.
Since 1991 port traffic has risen steadily, along with consumer spending, though much more rapidly.
Some analysts took Dixons' performance as proof that the much-heralded slowdown in consumer spending had arrived.
Starbucks is always going to face challenges: commodity pricing, growth in competition, consumer spending, etc.
Absolute job growth is good for political discourse, but not as much for consumer spending.
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This is looking more and more likely in a setting of resurging consumer spending.
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