They're bailing out Wall Street, because all their friends are on Wall Street ... When Ben Bernanke gets a phone call from the head Lehman, he takes the call, but if some poor school teacher in Oklahoma calls him, he doesn't take the call.
They're bailing out Wall Street, because all their friends are on Wall Street ... When Ben Bernanke gets a phone call from the head Lehman, he takes the call, but if some poor school teacher in Oklahoma calls him, he doesn't take the call.
The sense out of Jackson Hole was that Fed Chairman Ben Bernanke was quite dovish, and it is possible that participants had their buying shoes on this morning following the weekend meeting
Ben S. Bernanke is still trying to define which financial institutions it's safe to let fail. The longer it takes him to decide, the tougher the decision becomes.
If we can make it through Labor Day without a hurricane in the Gulf (of Mexico), no blockade of the Straits of Hormuz, and Ben Bernanke doesn't ruminate in public about cutting interest rates, we could see prices (at the pump) drop another 15 to 25 cents after Labor Day
An ugly brew of rising unemployment, spiking foreclosures and gyrating energy prices is plaguing the country and making life difficult for Federal Reserve Chairman Ben Bernanke as he tries to right the economy.
I don't think they're going to do anything...But I do think you could see (Fed Chairman Ben) Bernanke's foot move from hovering over the brake to hovering over the accelerator
John McCain has been talking with (current Federal Reserve chairman) Ben Bernanke and (current Treasury Secretary) Hank Paulson and a whole set of folks over the last year-plus to make sure that he continues to keep his pulse on the American economy.
You have this kind of optimistic view out there, from people like [Treasury Secretary Henry] Paulson and [Fed chief Ben] Bernanke, that things will work themselves out
At a time when [Fed Chairman Ben] Bernanke appears to play down the odds of a rate hike this year, Mr Plosser could be one of the three voting FOMC members that back the view for higher interest rates sooner rather than later. This could give the dollar a lift
Inflation is not the Fed's main concern right now given the testimony Ben Bernanke gave yesterday ... The dollar is likely to benefit only marginally at this point from economic data. On the other hand, if banks' earnings come on the positive side, we may see a stronger dollar.