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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.
Dec. 4 (Bloomberg) -- The biggest rally in the U.S. dollar since June snuffed out an advance in commodities and equities as an unexpected drop in the unemployment rate triggered bets the Federal Reserve will lift borrowing costs. Gold slid the most in a year and two-year Treasuries tumbled.
Three bubbles have formed, be wary.
Stocks gave up early gains as investors, seeing a brighter employment picture as a sign of economic strength, worry about higher interest rates.
Federal Reserve Chairman Ben Bernanke, making a case for a second term on Thursday, offered a forceful defense of the U.S. central bank's crisis-battling efforts, which he said prevented an even greater calamity.
The chairman, expected to win a second term, tells the Banking Committee at his confirmation hearing that he 'acted promptly and forcefully to confront the financial crisis' and its consequences. Federal Reserve Chairman Ben S. Bernanke on Thursday defended the central bank's record and argued for preserving its regulatory powers, but lawmakers in both parties were unmoved as they lobbed sharp ...
Federal Reserve Chairman Ben Bernanke got a rough going over from both his supporters and detractors at his Senate confirmation hearing Thursday.
Dec. 4 (Bloomberg) -- The biggest rally in the U.S. dollar since June snuffed out an advance in commodities and damped gains in equities as an unexpected drop in the unemployment rate triggered bets the Federal Reserve will lift borrowing costs.
Dec. 4 (Bloomberg) -- Brazil’s real fell for the first time in four days as the U.S. payrolls report encouraged traders to boost bets on Federal Reserve interest-rate increases , diminishing the appetite for riskier assets globally.
Under fire from Democrats and Republicans alike, Ben S. Bernanke on Thursday defended his record as chairman of the Federal Reserve but conceded that the central bank's lapses contributed to the financial crisis.
Federal Reserve Chairman Ben Bernanke, making a case for a second term, told Congress on Thursday the U.S. central bank's forceful actions prevented a devastating financial crisis from being even worse.
U.S. employers cut far fewer jobs than expected last month in the best showing for the labor market since the recession began, lifting the beleaguered U.S. dollar as investors bet a sustainable recovery was building.
Making a case for a second term as head of the Federal Reserve, Ben Bernanke said Thursday that he has the tools necessary to reel in massive economic support once the recovery is rooted.
Dec. 4 (Bloomberg) -- The biggest rally in the U.S. dollar since June snuffed out an advance in commodities and dampened gains in equities as an unexpected drop in the unemployment rate triggered bets the Federal Reserve will lift borrowing costs.
Lawmakers are likely to vent frustration over the economy and bailout of the financial system Thursday at a Senate confirmation hearing for Federal Reserve chairman Ben Bernanke.
Federal Reserve Chairman Ben Bernanke suffered the slings and arrows of outraged lawmakers yesterday at his confirmation hearing before the Senate Banking Committee on Capitol Hill. He stood up to his five-hour grilling and is expected to win his s...
