...point cut in the federal-funds rates, from the current 2.25%, with low odds of a half-point reduction. Fed Chairman Ben Bernanke, testifying before the Joint Economic Committee, warned that the economy could shrink in the first half of this year. Surging...
...the central bank could boost interest rates sooner than anticipated. (AP Photo/J. Scott Applewhite) Federal Reserve Chairman Ben Bernanke says that interest rates may be raised amidst a sluggish economy and consumer fears over record-breaking gas prices. Pauline...
...— For the last year, as the nation’s economy lurched from crisis to crisis, the chairman of the Federal Reserve, Ben S. Bernanke, had been warning Henry M. Paulson Jr., the Treasury secretary, that the worsening situation might ultimately force a sweeping...
...Mass. â Ben S. Bernanke spoke about the economic pressures created by high oil prices and inflation at his alma mater on Wednesday. What many graduating seniors at Harvard may not have realized is just how familiar the territory is for Mr. Bernanke, now the...
...(AP) - Federal Reserve Chairman Ben Bernanke told Congress Wednesday that troubled mortgage giants Fannie Mae and Freddie Mac are in "no danger of failing." The Fed chief made his remarks to the House Financial Services Committee, his second day on Capitol...
...may be needed as the economy limps through what could be an extended period of subpar growth. Federal Reserve Chairman Ben Bernanke told Congress Monday a fresh round of government stimulus is a good idea because there's a risk the country's economic weakness...
...Bernanke spent two years carefully sidestepping Washingtonâs most heated political debates, winning credibility for himself and independence for the central bankâs monetary policy. This week, he cashed in his chips. Bernanke dove into political waters on Capitol...
...instead waiting to "find out the long term implications before they act." This reaches deeply into the thought processes of Ben Bernanke, the paper studies the "making of durable, irreversible investments." Could anything written by Bernanke be more apt to...
...consider another stimulus package. âThe uncertainty currently surrounding the economic outlook is unusually large,â said Ben Bernanke. âAny fiscal action inevitably involves trade-offs - not only among current needs and objectives, but also because commitments...
...risks have risen even as the economy faces "numerous" difficulties, Federal Reserve chief Ben Bernanke said Tuesday, laying out the central bank's dilemma. Bernanke appeared to backtrack from June comments that threats to growth had "diminished," saying higher...