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Yesterday, Federal Reserve Chief Ben Bernanke was in front of the Senate Banking Committee trying to hold on to his job. Some Senators were complimentary on Bernanke’s job. Republican Senator Judd Gregg from New Hampshire gave the Fed Chairman a warm welcome.
Investors shied from making big bets on stocks after a weak snapshot of the service industry revived worries about the economy.
Senators took aim yesterday at Federal Reserve Chairman Ben Bernanke, linking him to rising unemployment, regulatory lapses that led to the financial crisis and the corporate bailouts that followed. And some warned that the Fed’s record-low interest rates could feed a new speculative bubble. Bernanke remained stoic during the roughly five-hour hearing by the Senate Banking Committee, which is ...
NAME _ Ben Bernanke. AGE-BIRTH DATE _ 55; Dec. 13, 1953, in Augusta, Ga. EDUCATION _ B.A. in economics, 1975, Harvard University; Ph.D. in economics, 1979, The Massachusetts Institute of Technology.
Bank of America Corp will sell the securities it will use to help repay $45 billion in government bailout funds Thursday evening, its chief financial officer said.
Dec. 4 (Bloomberg) -- Federal Deposit Insurance Corp. Chairman Sheila Bair said she may give banks including Citigroup Inc. and JPMorgan Chase & Co. a reprieve from raising capital to support billions of dollars of securities that firms will have to bring onto their balance sheets.
Further evidence that the economic recovery will be a slow and bumpy one emerged Thursday with reports that service sector activity and retail sales unexpectedly shrank in November as consumers held back on purchases.
WASHINGTON, Dec. 3 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke told Senate Banking Committee members in a partly contentious confirmation hearing the central bank made mistakes.
According to a Bloomberg News report, senior staff at the banking-investment-and-highway-robbery firm Goldman Sachs "have loaded up on firearms". Apparently, they're tired of being...
Senators took aim Thursday at Federal Reserve Chairman Ben Bernanke, linking him to rising unemployment, regulatory lapses...
Employers cut the smallest number of jobs since the recession began. The better-than-expected job figures are a rare note of encouraging news for the labor market.
U.S. Senator Bernie Sanders said on Wednesday that he was placing a hold on Ben Bernanke's nomination for a second term as Federal Reserve chairman, a move that could slow the confirmation process.
In This Issue…. * Commodity Currencies rebound... * Gold sees profit taking... * Canary in a coal mine... * It's Moving Day! A refined approach to buying gold and silver. Just for you.
What's Your Reaction? The Senate Banking Committee will be chatting with Ben Bernanke this Thursday to vote on his reappointment.
WASHINTGON - Federal Reserve releases consumer credit data for October, 3 p.m.
Gold is hitting all-time highs amid growing fears of inflation, writes Howard Gold.
