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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.
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.
European stock markets and Wall Street futures shot higher Friday after much better than expected U.S. jobs data fueled optimism about the pace of recovery in the world's largest economy.
Sen. Bernie Sanders (I-Vt.) Wednesday placed a hold on the nomination of Ben Bernanke for a second term as chairman of the Federal Reserve. YAY! I don’t know if this hold will have much effect in the long run.
Federal Reserve Chairman Ben Bernanke faced tough questions from the Senate Banking Committee about the Fed's failures leading up to the financial crisis and the role it played in the bailout of Wall Street firms. While Bernanke is ultimately expected to be reconfirmed, the hearing may influence the Fed's future role in an overhauled financial system.
Bank of America sold more than $19 billion of equity on Thursday amid strong investor interest as it races to shed government regulatory curbs that have bedeviled its search for a new chief executive, Reuters reported.
Investors grew more confident about the economy but also worried that a brighter employment picture will mean rising interest rates. Stocks closed higher Friday but only after giving up much of their early gains. Indexes touched new highs for year in the morning following news that job cuts fell sharply in November, but that report also brought expectations that the Federal Reserve could hike ...
Obama vows to tackle jobs challenge head-on WASHINGTON (Reuters) - President Barack Obama urged corporate America on Thursday to help tackle the nation's highest unemployment in 26 years but also hinted at federal tax credits and aid to states to ease jobless woes. "There's no question that it is...
Dec. 4 (Bloomberg) -- Gold dropped the most in a year as a rising dollar prompted some investors to sell bullion on the heels of a rally to an all-time high.
President Obama offered no promise that he could do much to ease joblessness quickly even as he comes under pressure from his own party to do more.
Federal Reserve Chairman Ben Bernanke, making his case for a second term, defended his record on Thursday before a skeptical Senate that criticized the central bank for failing to prevent the financial crisis.
On Capitol Hill Thursday, senators questioned Federal Reserve Chairman Ben Bernanke at his confirmation hearing. President Obama has nominated Bernanke for a second term. The hearing was heated, humorous and at times dull. But the underlying pretense was who can we blame for the financial crisis?
Making a case for a second term as head of the Federal Reserve, Ben Bernanke said Thursday that he has the tools and the...
NEW YORK -- The dollar leaped higher Friday after the government said the U.S. unemployment rate dropped to 10 percent in November, leading traders to weigh chances that the the Federal Reserve might begin raising interest rates sooner than they had expected.
WASHINGTON -- Senators took aim Thursday 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.
Federal Reserve Chairman Ben Bernanke, making his case for a second term, defended his record on Thursday before a skeptical Senate that criticized the central bank for failing to prevent the financial crisis.
