18673 Stories, most recent news story added Fri Dec 4, 3:39 am ET
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.
Ben Bernanke is widely credited with helping keep the "Great Recession" from becoming a second Great Depression. But the Federal Reserve chairman faces anger from both Congress and the public for bailing out Wall Street, while ordinary Americans are struggling under the crush of high unemployment, stagnant incomes and rising foreclosures.
Biographical details of Fed Chairman Ben Bernanke
Regarding Federal Reserve Chairman Ben Bernanke's Nov. 29 Sunday Opinion commentary, "The right reform for the Fed":
Dec. 4 (Bloomberg) -- The dollar’s decline is in its final stages, heralding a rally in the next two years, as the Federal Reserve scales back stimulus measures, BNP Paribas SA said.
Federal Reserve Chairman Ben S. Bernanke pledged Thursday morning to work to "restore prosperity" if granted a second term, as he defended his decisions during the financial crisis and argued for the Fed to remain independent.
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. Bernanke remained stoic during the roughly five-hour hearing by the Senate Banking Committee, which is ...
Federal Reserve Board Chairman Ben Bernanke puts on his boxing gloves and fights to defend his tenure and the central bank from charges it is beholden to Wall Street.
Making a case for a second term as head of the Federal Reserve , Ben Bernanke said yesterday that he has the tools and the political backbone necessary to reel in massive economic support once the recovery is firmly rooted.
The economic recovery gained traction in late fall as shoppers spent a bit more and factories bumped up production. That assessment Wednesday by the Federal Reserve marked its most upbeat view since the economy tumbled into recession two years ago.
Federal Reserve Chairman Ben Bernanke got an endorsement from Senate Banking Committee Chairman Chris Dodd at the start of his confirmation hearing Thursday, even as Dodd called for a removal of some of the central banks current powers.
Dec. 4 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke left a Senate confirmation hearing with support for a second term heading a central bank that may be shorn of its powers to supervise financial firms.
Life just got harder for Vikram S. Pandit. A day after Bank of America announced that it would repay its federal bailout money, Citigroup and Mr. Pandit, its chief executive, were left in the uncomfortable position of being the last of the Wall Street giants to remain tethered to the state, Andrew Martin and Eric Dash write in The New York Times.
The average interest rate for a 30-year mortgage dropped to a record low of 4.71% this week, pushed down by an aggressive government campaign to reduce borrowing costs.
These should be good times for Federal Reserve Chairman Ben Bernanke, who some economists give much of the credit for averting a second Great Depression.
Montana Senator Jon Tester was one of those on Capitol Hill Thursday who grilled Federal Reserve Chairman Ben Bernanke about jobs and Wall Street reform.
