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Thu, 06/23/2011 - 16:04 by Jamie Anderson
The Federal Reserve Bank acknowledged Wednesday that the U.S. economy was growing, but not at the rate at which it had expected.
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Fri, 12/24/2010 - 07:10 by Chris Baines
It's not easy being the Fed chairman. Liberals think you're in Wall Street's pocket, tea partiers think you're an elitist dictator ... and pundits everywhere think they can do your job better than you. |
Wed, 11/17/2010 - 07:03 by Prince damin
Washington -- Yields on U.S. Treasury bonds have defied logic and headed higher despite the Federal Reserve's controversial bond purchasing program.
The program triggered a hailstorm of criticism from Germany, Brazil, Thailand, South Korea, China and elsewhere. Even conservatives in Washington and former Alaska governor Sarah Palin weighed in with criticism.
Palin called the Fed's move a ploy meant to "drive down the value of the enormous national debt (President Barack) Obama has run up," ABC News reported.
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Thu, 11/04/2010 - 11:51 by Bryan White
This article is part of our Rising Star Portfolios Series.
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Sat, 10/16/2010 - 11:10 by Rakhi
Boston -- Federal Reserve Chairman Ben Bernanke said Friday a sluggish recovery and low overnight fund rates prompted the central bank to take "further action."
"Given the (Open Market) Committee's objectives, there would appear -- all else being equal -- to be a case for further action," Bernanke said in a prepared speech delivered at the Federal Reserve Bank of Boston.
Bernanke made his case for the uncharacteristically direct comment by noting the economic recovery had slowed and inflation remained "subdued."
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Tue, 08/03/2010 - 02:44 by Prince damin
Charleston, S.C. -- Federal Reserve Chairman Ben Bernanke said Monday the U.S. economy still had "a considerable way to go," before the economic recovery is complete.
Speaking at the Annual Meeting of the Southern Legislative Conference, Bernanke said, "The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again."
"But we still have a considerable way to go to achieve a full recovery … and many Americans are still grappling with unemployment, foreclosure and lost savings," he said.
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Thu, 07/22/2010 - 01:08 by Pankaj Damin
Washington -- Federal Reserve Chairman Ben Bernanke told a Senate panel Wednesday that the U.S. economy was on track for a long, slow improvement.
Bernanke said the central bank "for an extended period" would stay its course with its key lending rate at zero to 0.25 percent. In addition, with the central bank's portfolio soaring from $800 billion to $2 trillion in the past two years, Bernanke said the Federal Open Market committee was exploring ways to reduce the bank's holding "to a more normal size and composition."
Policymakers, in other words, are not contemplating a return to purchasing securities to prop up markets.
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Mon, 07/12/2010 - 22:03 by Inderjit Singh
Washington -- U.S. Federal Reserve Chairman Ben said Monday credit for small businesses is critical for recovery of the economy.
"Small businesses are central to creating jobs in our economy; they employ roughly one-half of all Americans and account for about 60 percent of gross job creation," he said speaking at a Washington forum on small-business credit.
"One measure of banks' loans to small business dropped from more than $710 billion in the second quarter of 2008 to less than $670 billion in the first quarter of 2010," Bernanke said.
"We need to find ways to ensure that creditworthy borrowers have access to needed loans," he said.
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Wed, 06/02/2010 - 09:39 by Pankaj Damin
Seoul -- U.S Federal Reserve Chairman Ben Bernanke said reform of financial regulations required cooperation between developed nations and emerging economies.
Speaking at the 60th anniversary of the Bank of Korea, Bernanke said, "On a global level, the leadership of the Group of 20 (Nations), which Korea is currently chairing will be essential in ensuring that reforms are not only strong and effective, but also consistent and coordinated across countries."
Bernanke said emerging economies had "become increasingly important in the global trading and financial systems." The world, he said, "will depend on them even more to maintain strong domestic growth and economic and financial stability."
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Thu, 05/06/2010 - 22:35 by Inderjit Singh
Washington-- U.S. Federal Reserve Chairman Ben Bernanke lauded the bank stress tests the government conducted a month ago on the nation's 19 largest banks.
In a speech in Chicago at the 46th Annual Conference on Bank Structure and Competition, Bernanke said the "unprecedented" tests that reviewed two-thirds of the country's bank assets using a grouping of the largest banks restored confidence in the banking system
The tests were conducted a year ago, seven months after the collapse of Lehman Brothers, giving the public a focused look at the health of the 19 banks, which including Bank of America, Citigroup, Wells Fargo & Co., Goldman Sachs and others.
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Fri, 04/09/2010 - 09:57 by Rakhi
Washington -- The recession that began in 2007 "could have rivaled or surpassed the Great Depression," U.S. Federal Reserve Chairman Ben Bernanke said Thursday.
In remarks delivered as he accepted an award from the Center for the Study of Presidency and Congress, Bernanke -- recognized as a leading expert on the Great Depression -- said economic policymakers around the world successfully avoided repeating mistakes of the Depression era, The Washington Post reported.
He said policymakers' responses to crises in the 1930s "ran the gamut from passivity to timidity," unlike the aggressive steps taken during 2008.
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Thu, 04/08/2010 - 11:25 by harsheeb
Dallas -- Federal Reserve Chairman Ben Bernanke said the U.S. economy was on the mend, but still wobbly after a two and a half year recession.
In some of his most optimistic remarks in recent memory, Bernanke opened a speech in Dallas declaring, "this is a momentous time."
"During some of the worst phases of the crisis, a new depression seemed a real possibility," he said. Now, however, "the economy seems to have stabilized and is beginning to grow again."
"We are far from being out of the woods," he said, moving quickly to point out the issues of unemployment and foreclosures were still plaguing "many Americans."
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