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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,”…
Asian markets mostly up ahead of Fed decision
Asian stocks mostly rose in edgy trade on Wednesday, helped by bargain buying as dealers await the end of a US Fed meeting, expecting fresh monetary easing measures to jumpstart the economy. The anticipated announcement comes amid nervousness about Europe’s sovereign debt crisis and concerns over a possible Greek default.…
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…
Dollar holds firm after Bernanke speech
The dollar held firm against other major currencies in Asia on Monday after a much-awaited speech by US Federal Reserve chairman Ben Bernanke boosted positive sentiment. The euro bought $1.4480 in Tokyo morning trade, slightly down from $1.4490 in New York late Friday. It was almost flat at 111.10 yen.…
Bernanke: It’s Congress’s turn to act on economy
JACKSON HOLE, Wyoming (Reuters) – Federal Reserve Chairman Ben Bernanke on Friday stopped short of detailing further action to boost the U.S. recovery but said the central bank would consider what more it could do to fight high unemployment, giving some comfort to investors. Bernanke said the Fed had marked…
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