Content Tagged As ben_bernanke

4 years 6 months ago

Analyst: Fed to show confidence in recovery

One analyst predicts Federal Reserve policymakers will come out of today's meeting confident, yet cautious. The chief economist at John Hancock says the Fed will let the public know it has more confidence in the country's economic recovery. But Bill Cheney says Fed Chairman Ben Bernanke and his colleagues will...

4 years 7 months ago

Bernanke: U.S. 'far from being out of the woods'

Problems in the housing market and high unemployment are the biggest economic challenges the nation faces, Federal Reserve Chairman Ben Bernanke said Wednesday. After suffering through the worst recession since the 1930s, the economy seems to have stabilized and is growing again, Bernanke said. But he warned: "We are...

4 years 9 months ago

Bernanke voices economic concerns as he's sworn in

Federal Reserve Chairman Ben Bernanke expressed concerns Wednesday about the economic recovery during a ceremonial swearing-in for another four-year term. In brief remarks to staffers, Bernanke said that while the economy is growing, "far too many people remain unemployed, foreclosures continue at record rates and bank credit continues to...

4 years 9 months ago

Senate confirms Bernanke for second term

The Senate has confirmed Ben Bernanke for a second term as chairman of the Federal Reserve. The Senate voted 70-30 on Thursday to reappoint Bernanke amid criticism of his judgment ahead of the financial crisis and his support for massive Wall Street bailouts. His supporters credited him for engineering...

4 years 11 months ago

Time magazine names Bernanke 'Person of the Year'

Federal Reserve Chairman Ben Bernanke has been named Time magazine's "Person of the Year" for 2009. Last year's winner was then-President-elect Barack Obama. The 2007 winner was Russian Prime Minister Vladimir Putin. Other previous winners have included Bono, President George W. Bush, and CEO and founder Jeff Bezos.

5 years 1 month ago

Bernanke urges Congress to act now on overhaul

Federal Reserve Chairman Ben Bernanke is prodding Congress to enact legislation overhauling the nation's financial regulatory system to prevent a repeat of the banking and credit debacles that had thrust the country into crisis. The Fed chief says: "With the financial turmoil abating, now is the time for policymakers to...

5 years 1 month ago

Fed boss sees no rush to boost rates

Federal Reserve Chairman Ben Bernanke sent a fresh signal yesterday that he's in no rush to reverse course and start boosting interest rates. The Fed's key bank lending rate is now at a record low near zero and will probably stay there for an "extended period," Bernanke said in a...

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