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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.
Federal Reserve Chairman Vows to Revamp Financial Regulations As He Shoots for Second Term
Federal Reserve Chairman Ben Bernanke faced tough criticism Thursday from a Senate committee for the central bank's failure to regulate risk-taking on Wall Street.
Dec. 4 (Bloomberg) -- When President Barack Obama paired his decision to add 30,000 U.S. troops in Afghanistan with a deadline to begin a withdrawal, he committed himself to a noncommittal strategy.
Federal Reserve Chairman Ben Bernanke will appear before the Senate Banking Committee Thursday. He is seeking confirmation for another four years as head of the nation's central bank. Bernanke may find himself under fire for decisions he made during the bank bailout from angry lawmakers who are looking to limit the Fed's powers.
Federal Reserve Chairman Ben Bernanke is expected to win approval for a second term. David Wessel of The Wall Street Journal tells Renee Montagne that Bernanke is likely to get some tough questions from Senators about the financial crisis. Wessel is the author of the book In Fed We Trust: Ben Bernanke's War on the Great Panic.
Washington » Making a case for a second term as head of the Federal Reserve, Ben Bernanke said Thursday that he has the tools and the political backbone necessary to reel in massive economic support once the recovery is firmly rooted.
Dec. 4 (Bloomberg) -- Robert Rodriguez ignores most rules of the mutual-fund industry, an approach that’s helped him beat all rival managers over the past 25 years.
(Adds analyst, lawmaker comments throughout and data on TARP expenditures and inflows.) WASHINGTON -(Dow Jones)- The U.S. government should come close to breaking even on its emergency investments in financial firms, Federal Reserve Chairman Ben Bernanke told U.S. lawmakers on Thursday.
Bank of America Corp will sell nearly $19 billion in equity later on Thursday amid strong investor interest as it races to shed government regulatory curbs that have bedeviled its CEO search.
(Updated to add further comments from Bernanke in final two paragraphs.) By Luca Di Leo OF DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- Federal Reserve Chairman Ben Bernanke Thursday said the Fed would keep a close eye on the risk that new asset bubbles could be formed due to the huge stimulus pumped to counter the U.S. economy's downturn.
December 4, 2009
WASHINGTON -(Dow Jones)- Federal Reserve Chairman Ben Bernanke said Thursday that most forecasts point to a further increase in the U.S. unemployment rate in November, for which data is set to be released Friday.
Obama vows to tackle jobs challenge head-on WASHINGTON (Reuters) - President Barack Obama on Thursday urged corporate America 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. "We cannot hang back and hope for...
Citigroup is the last of the Wall Street giants to remain tethered to government support, putting the struggling bank at a further disadvantage.
Under fire from Democrats and Republicans alike, Ben S. Bernanke defended his record Thursday as chairman of the Federal Reserve as well as that of the central bank itself as he began what is likely to be a contentious hearing on his nomination for another term, The New York Times’s Edmund L. Andrews reports from Washington.
