March 4, 2014 |
Although the Federal Reserve has been criticized for its unprecedented efforts to fight the 2008 financial crisis, former Fed chief Ben S. Bernanke said Tuesday the central bank could have done more. "Although we have been very aggressive, I think on the monetary policy front we could have been even more aggressive," Bernanke told a bankers conference in Abu Dhabi, according to Reuters. The speech marked his first public comments since stepping down Feb. 2 after eight years as Fed chairman.
January 24, 2010 |
Federal Reserve Chairman Ben S. Bernanke, whose reconfirmation has become surprisingly jeopardized, received a bipartisan boost Saturday from two key senators who reiterated their support for him and predicted he would win a second four-year term. Senate banking committee Chairman Christopher J. Dodd (D-Conn.) and Sen. Judd Gregg (R-N.H.), who also serves on the committee, took the unusual step of issuing a weekend statement on Bernanke's behalf. The move came a day after two Democratic senators, Barbara Boxer of California and Russell D. Feingold of Wisconsin, announced their opposition to Bernanke's renomination as head of the central bank, fueling speculation that his confirmation could be scuttled.
May 28, 2013 |
WASHINGTON -- With the Federal Reserve playing an over-sized role in the U.S. economy, Wall Street investors are keenly interested in who will be the central bank's next chairman when Ben S. Bernanke's term expires in January. The Fed's No. 2 official, Janet L. Yellen, long seen as Bernanke's heir apparent, is considered the favorite to succeed him. But an even better-known economist could get the nod from President Obama: Lawrence Summers . Despite a "deep bench" of candidates, Financial Times columnist Edward Luce is betting on Summers, a former Treasury secretary who served as Obama's top economic aide from in 2009 and 2010.
December 16, 2013 |
WASHINGTON -- As Ben S. Bernanke nears the end of his term as Federal Reserve chairman, he is talking more about what may be one of the enduring legacies of his eight-year tenure: the Fed's dramatically expanded communications with the public. These have included instituting quarterly news conferences by the chairman, among other regular public appearances, and providing an explicit target on inflation and thresholds for Fed policy actions. On Monday, in remarks at a gathering to mark the 100th anniversary of the law that established the Fed, Bernanke described these changes as an "ongoing revolution in communication and transparency" at the central bank, which over most of its history has operated in great secrecy.
CALIFORNIA | LOCAL
March 27, 1999
Ventura resident Ben S. Tapia died Monday after a lengthy illness. He was 87. Tapia's family came to America in 1776, family members said. Tapia was born Sept. 9, 1911, in Ventura and lived in Ventura County his entire life. For more than 20 years, Tapia worked in the city's maintenance department. He volunteered his time for the Salvation Army and Food Share.
February 17, 2007
FEDERAL RESERVE Chairman Ben S. Bernanke's testimony on Capitol Hill this week was so clear and succinct -- and bullish -- that investors may soon forget about his predecessor, Alan Greenspan. Bernanke's message that the economy is enjoying healthy growth, low unemployment and little inflation soothed financial markets, but it was his forthright, substantive answers that awed members of the Senate and House committees that oversee the nation's central bank.