Ben Bernanke

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Fed Panel Split Over Bernanke's Low Rates Policy

It's the most a chairman has faced in 19 years

(Newser) - Ben Bernanke's Tuesday announcement that the Fed is prepared to keep short-term interest rates close to zero for at least two more years is facing internal revolt from the Federal Open Market Committee, the 12-member committee of Fed presidents and governors that sets monetary policy, reports the Wall Street ...

Bernanke Clarifies Stimulus Talk, Markets Tumble

Fed isn't ready to take action soon

(Newser) - Wall Street semantics: Yesterday, Ben Bernanke appeared before Congress and mentioned the word "stimulus." His remarks were widely interpreted to mean that the Fed was poised to take action to bolster the economy, and the markets rose in response. Today, Bernanke resumed testimony and made clear the Fed...

Bernanke: We're Prepared to Dole Out More Stimulus

Says he expects more job creation once 'temporary shocks' pass

(Newser) - The Federal Reserve is ready and willing to pour more money into the economy if it has to, Ben Bernanke told Congress today. “The possibility remains that the recent economic weakness may prove more persistent than expected … implying a need for additional policy support,” Bernanke said. “...

'Anonymous' Hackers' Next Target: Ben Bernanke

Group wants Federal Reserve chairman to step down

(Newser) - Anonymous' next target: Ben Bernanke. The hacker collective uploaded a YouTube message over the weekend calling for the Federal Reserve chairman to resign—again. Anonymous first called for Bernanke’s resignation on March 12, Business Insider notes, but he clearly did not heed that request. So Anonymous is launching "...

Bernanke, Obama Agree: No Double-Dip

Fed chief, president expect recovery will strengthen

(Newser) - Ben Bernanke isn’t worried about a double-dip recession, despite an economy he acknowledged as unexpectedly troubled this year, reports MarketWatch . “I expect hiring to pick up from last month’s pace as growth strengthens in the second half of the year,” the Fed chairman told a meeting...

Bernanke Makes No News, Just Like He Hoped
Bernanke Makes No News, Just Like He Hoped
OPINION

Bernanke Makes No News, Just Like He Hoped

He easily handles questions in first news conference

(Newser) - Ben Bernanke made a little history today by holding the first-ever news conference to explain Federal Reserve policy, and he should be pretty happy with the result, writes Agustino Fontevecchia at Forbes . After all, he faced "a complacent press that didn’t press him on the hard issues,"...

Fed Keeps Rates Low; Bernanke to Face Media

Ben Bernanke will host the Fed's first news conference on policy

(Newser) - No surprises from the Fed today: Rates are staying low, and its $600 billion bond-buying program remains on track to end in June, reports MarketWatch . The Fed sees the economic recovery moving at a "moderate pace" and downplayed the risks of inflation. Far more interesting will be Ben Bernanke'...

Foreign Banks Got Majority of Secret Fed Loans

Court forces Fed to release info

(Newser) - When the Federal Reserve opened its “discount window” at the height of the financial crisis, a lot of foreign banks lined up. The 97-year-old program hit an all-time high during October 2008, and during its peak week, 70% of the $110.7 billion doled out went to foreign banks,...

Fed Extends Bond Program
 Fed Extends Bond Program  

Fed Extends Bond Program

Shrugs off good economic news, says employment still in trouble

(Newser) - The Federal Reserve unanimously agreed to extend its $600 billion Treasury bond-purchase program today, saying the economy isn't growing fast enough to lower unemployment. The decision came from a new lineup of voting members that includes two officials who have criticized the bond purchases. They have said the purchases could...

Inquiry Concludes: Financial Crisis Was Avoidable

Report blames mismanagement, poor regulation, excess risk

(Newser) - Corporate mismanagement, excessive risk-taking by Wall Street, and inadequate government regulation caused the 2008 financial crisis, according to a 576-page report by the Financial Crisis Inquiry Commission, due to be released today. The report blames policies by both the Clinton and Bush administrations, Fed chairmen Alan Greenspan and Ben Bernanke,...

Bernanke Ready to Spend More to Prop Up Economy

Don't worry about inflation, he adds

(Newser) - Federal Reserve Chairman Ben Bernanke is such a fan of the decision to buy $600 billion in Treasury securities to prop up the economy that the Fed is prepared to spend even more. Added economic stimulus might still be needed because the current recovery is weak, Bernanke warned in an...

Republicans Can't Wait for Debt 'Blood Bath'
Republicans Can't Wait for Debt 'Blood Bath'
Paul Krugman

Republicans Can't Wait for Debt 'Blood Bath'

One of our parties just doesn't care about 'making American governable'

(Newser) - Alan Simpson must be a serious moderate Republican—after all, President Obama appointed him to co-chair his debt commission. Well here’s what this moderate said Friday: “I can’t wait for the blood bath in April. … We’ve got guys who will not approve the debt limit...

Fed Fires Back at China, Germany

Soaring unemployment an 'unacceptable outcome,' says Ben Bernanke

(Newser) - Ben Bernanke offered a full-throated defense of the Fed’s recent actions in a speech in Frankfurt today, saying the $600 billion quantitative easing plan was essential to reducing joblessness. “On its current economic trajectory, the United States runs the risk of seeing millions of workers unemployed or underemployed...

Palin to Bernanke: Cease and Desist!

Alaskan slams 'quantitative easing' policy

(Newser) - Chinese and German finance chiefs enraged by Fed chief Ben Bernanke's plans to inject $600 billion into the economy by buying Treasury bonds have found a somewhat unlikely ally: Sarah Palin. The Alaskan slammed the "quantitative easing" policy in a speech to a trade group yesterday, using terminology foreign...

Bernanke's Rationale Looks Too Rosy

Felix Salmon isn't thrilled with Fed chief's op-ed

(Newser) - The Fed's controversial plan to buy $600 billion worth of Treasuries to stimulate growth has brought the phrase "quantitative easing" out from the obscurity of financial blogs. Will it work? Two columns today on the subject from Ben Bernanke himself in the Washington Post and Felix Salmon at Reuters...

Bernanke: Fed Probing Foreclosure Scandal

Will examine debacle's effect on real-estate market

(Newser) - Federal banking regulators are examining whether mortgage companies cut corners on their own procedures when they moved to foreclose on people's homes, Federal Reserve Chairman Ben Bernanke said today. "We are looking intensively at the firms' policies, procedures, and internal controls," Bernanke said. "We take violations of...

Bernanke: Fed Prepared to Take Action

Says inflation, employment both too low

(Newser) - Ben Bernanke signaled today that the Federal Reserve intends to take unconventional steps to further stimulate the economy. Bernanke said that given the low rate of inflation—it’s running below the Fed’s 2% target—and high unemployment rate, “there would appear—all else being equal—to be...

Fed: We Could Help Economy...
 Fed: We Could 
 Help Economy... 

Fed: We Could Help Economy...

...But we won't just yet

(Newser) - The Federal Reserve yesterday reassured the public that it was “prepared to provide additional accommodation if needed” to support the recovery, but that it didn’t think it was needed just yet. But merely suggesting the possibility was enough to send markets in the right direction, with interest on...

Bernanke: We Must Fix the 'Too Big to Fail' Problem

Fed chair defends financial crisis actions

(Newser) - The government must be ready to close even the biggest banks if they threaten to bring down the financial system, Ben Bernanke said today, in testimony before the Financial Crisis Inquiry Commission. "If the crisis has a single lesson, it is that the too-big-to-fail problem must be solved,"...

Bernanke: Fed Still Has Tricks Up Its Sleeves

... but it's not going to use them unless things get even worse

(Newser) - Ben Bernanke admitted that economic growth was “less vigorous than expected,” in his speech at Jackson Hole today, but said the Federal Reserve wasn’t going to act just yet. The Fed Funds Rate is near zero, but Bernanke said the central bank still had some “unconventional...

Stories 41 - 60 | << Prev   Next >>
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