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Testifying at his confirmation hearing for a second term as head of the Federal Reserve, Ben Bernanke said Thursday that he has the tools and the political backbone needed to reel in massive economic support once the recovery is firmly rooted.
U.S. stock index futures pointed to a flat open on Wall Street on Friday following the previous session's drop, as investors await all-important monthly jobs figures.
Dec. 4 (Bloomberg) -- Investors should buy “screamingly cheap” Treasuries in the expectation that the Federal Reserve will keep interest rates on hold through next year as inflation remains subdued, according to Royal Bank of Scotland Plc.
Senators took aim Thursday at Federal Reserve Chairman Ben Bernanke, linking him to rising unemployment, regulatory lapses...
China has maintained a consistent allocation of its foreign exchange reserves across different currencies, a senior official said on Friday, suggesting that any diversification away from the dollar has been gradual.
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.
Regulation: When Fed chief Ben Bernanke sat before the Senate on Thursday, he was blamed for everything but the Afghan War. Truth is, Bernanke may have kept the U.S. from falling into a Depression.
December 4, 2009
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. EXPERIENCE _ Feb. 1, 2006-present, chairman of the Federal... Harvard University - Massachusetts Institute of Technology - Economics - United States - Massachusetts
WASHINGTON - Federal Reserve Chairman Ben Bernanke yesterday defended the central bank's record and argued for preserving its regulatory powers, but lawmakers in both parties criticized him and the Fed for lapses that contributed to the financial crisis.
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. And some warned that the Fed's record-low interest rates could feed a new speculative bubble.
Federal Reserve Chairman Ben Bernanke defended his first term while seeking a second term during his confirmation hearing.
In other news, Ben Bernanke defended his tenure as Federal Reserve chairman before Congress on Thursday, and House Speaker Nancy Pelosi suggested using money left over from the Wall Street bailout to create more jobs.
Up on Capitol Hill Thursday, Fed Chairman Ben Bernanke painted yet another grim picture for the future of work in America
Dec. 4 (Bloomberg) -- You are chairman of the Federal Reserve, and you have just shepherded the country through a nail-biting, edge-of-your-seat financial crisis that threatened to turn into Great Depression II. Having stabilized the financial system and ministered to teetering financial institutions, you are looking at ways to ensure the past doesn’t repeat itself.
WASHINGTON — Making a case for his confirmation to a second term, Federal Reserve Chairman Ben Bernanke on Thursday defended unpopular actions he has taken that helped stem a spreading global financial crisis, and offered a mea culpa for the Fed's failure to see the storm coming.
