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Federal Reserve chief Ben Bernanke tells Congress: You’re making weak economy worse

Federal Reserve Chairman Ben Bernanke said Wednesday that the US economy needs more help from the fiscal policies that Congress controls, not just from the Fed’s own stimulus efforts. He said that the economy faces “strong headwinds created by federal…  …

Sen. Warren demands to know why criminal bankers aren’t being locked up

In a letter (PDF) sent to Federal Reserve Chairman Ben Bernanke, Attorney General Eric Holder and SEC Chair Mary Jo White on Tuesday, Sen. Elizabeth Warren (D-MA) demanded to know why the government keeps accepting financial settlements from criminal bankers when they could instead be taken to trial, convicted and…

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…

Cain: ‘If you don’t have a job and you’re not rich, blame yourself’

Mitt Romney isn’t the only Republican candidate condemning Occupy Wall Street. In an interview posted Wednesday morning by The Wall Street Journal, Herman Cain shared some harsh sentiments on the movement, labeling it, “orchestrated to distract from the failed policies of the Obama administration.” Cain then targeted the protesters’ own…

Ben Bernanke on ‘Occupy Wall Street’ protest: I can’t blame them

Senator Bernie Sanders (I-VT) and others questioned Federal Reserve Chairman Ben Bernanke on Tuesday about the ongoing “Occupy Wall Street” protest in lower Manhattan. “Chairman, as you know, there are people demonstrating against Wall Street in New York City and other cities around the country, and I think the perception…

Stock futures rise after German vote

NEW YORK (Reuters) – Stock index futures rose on Thursday after a German vote approving new powers for the euro zone’s crisis fund was approved and before data on U.S. economic growth and the labor market. Germany’s parliament voted new powers for the crisis fund but it was not clear…

Emerging markets offer lessons for U.S.: Bernanke

WASHINGTON — Emerging economies have important lessons like fiscal discipline and investment in education that the United States should re-learn, US Federal Reserve chairman Ben Bernanke said Wednesday. “Advanced economies like the United States would do well to re-learn some of the lessons from the experiences of the emerging-market economies,”…

Obama tells Congress to pass $447 billion jobs plan

Watch Obama’s full speech to Congress President Barack Obama Thursday challenged Republicans to halt a “political circus” and immediately pass a bigger than expected $447 billion jobs plan he said would jolt the “stalled” economy. Obama, seeking to restore public trust in his economic management and take aim at 9.1…

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