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Ben Bernanke: Economy ‘clearly still far from’ desired state
Federal Reserve Chairman Ben Bernanke said Monday that the US economy still has far to go to recover to an acceptable state of health. “Today the economy is significantly stronger than it was four years ago, although conditions are clearly still far from where we would all like them to…
Bernanke: Economy still needs Fed’s stimulus, not cuts
Federal Reserve Chairman Ben Bernanke said Tuesday that the US economy still needs the Fed’s stimulus, and warned that looming steep budget cuts could further slow growth. Stressing that high unemployment remains the key challenge to the economy, Bernanke told a Senate panel that the central bank’s extraordinary $85 billion…
Fed chair Bernanke presses government to support economy
WASHINGTON — Federal Reserve Chairman Ben Bernanke said Monday he is confident the US economy will continue to expand, but he urged the US Congress and the White House to act to support stronger growth. “We expect the economy to continue grow… We are not expecting a recession,” Bernanke told…
Bernanke unlikely to propose another stimulus
Markets awaiting more stimulus for the US economy will likely be disappointed Friday when Federal Reserve Chairman Ben Bernanke delivers a key annual speech, analysts said. With economic data still mixed and the Fed policy board divided over the need for action, the chief US central banker is expected to keep his…
GOP platform will call for ‘considering’ a return to the gold standard
This year’s Republican party platform will include a proposal to “consider the feasibility” of a return to the gold standard, the Financial Times reported Thursday. According to The Wall Street Journal, early drafts of the platform, set to be adopted during the party’s national convention next week in Florida, include…
Romney says he would replace Fed chief Bernanke
WASHINGTON — Republican presidential candidate Mitt Romney said Thursday that he would replace Federal Reserve Chairman Ben Bernanke if he wins election to the White House in November. Romney told Fox Business television that he wanted someone to lead the US central bank who is more in tune with his…
Bernanke admits to Congress U.S. economic growth is ‘disappointing’
Federal Reserve Chairman Ben Bernanke admitted Tuesday that US economic data had been “disappointing” and that a future reduction in unemployment would likely prove “frustratingly slow.” Dealing a blow to Barack Obama and others hopeful for an improvement in economic news ahead of November’s presidential elections, Bernanke offered a gloomy…
Bernanke schools public on Federal Reserve’s role
WASHINGTON — Facing brickbats from left and right, Federal Reserve chairman Ben Bernanke revisited his academic roots to answer the skeptics Tuesday, delivering a public lecture on the bank’s role. The bookish former professor visited George Washington University to give the first in a series of four lectures on central…
Bernanke hopes for no ‘ugly’ treatment in Texas
WASHINGTON — Federal Reserve Chairman Ben Bernanke made an unusual appearance at a military base in Texas on Thursday, disregarding threats that he could be treated “pretty ugly” in the Lone Star State. The bookish policymaker and academic appeared at Fort Bliss military base in El Paso, Texas a mere…
Bernanke on ‘Occupy Wall Street’: Fed not part of the problem
Federal Reserve Chairman Ben Bernanke sympathized with the “Occupy Wall Street” movement’s dissatisfaction with economic inequality at a press conference Wednesday, but said protesters should not blame the Fed for bailing out the banks. Bernanke responded to a question about “Occupy Wall Street” by saying that he was dissatisfied with…
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