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BUSINESS
April 21, 2006 | From Bloomberg News
Detailed socioeconomic information on individual towns is essential for fostering economic development and improved government policies in underserved areas, Federal Reserve Chairman Ben S. Bernanke told attendees of a conference Thursday in Los Angeles.
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BUSINESS
December 27, 2013 | By Tom Petruno
Wall Street had plenty of reasons to think 2013 would go miserably for the stock market - what with a lackluster global economy, the U.S. government shutdown, Syria's civil war, the Obamacare fiasco and Miley Cyrus. Instead, we're on track for a 29% gain in the Standard & Poor's 500 index, which would be its best annual showing since 1997. So the highlight of the year for many Americans will be the repair job on their retirement savings accounts. But taking a broader view, here are six 2013 market memories that should endure: • Ma and Pa come back to stocks.
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BUSINESS
October 25, 2005 | Peter G. Gosselin and Warren Vieth, Times Staff Writers
President Bush on Monday dashed ahead of his own timetable for naming a successor to Federal Reserve Chairman Alan Greenspan, picking former university economist Ben S. Bernanke to head the nation's central bank. The 51-year-old Bernanke, who is chairman of Bush's Council of Economic Advisors and served as a Federal Reserve governor from 2002 until June, immediately promised that "my first priority will be to maintain continuity with the policies ... established during the Greenspan years."
BUSINESS
July 19, 2013 | By Andrew Tangel
NEW YORK - Investors pushed major U.S. indexes to a fresh round of all-time highs this week after strong profit reports from Wall Street banks were seen as another sign that the economy is improving. Citigroup Inc., Goldman Sachs and Morgan Stanley all reported that their investment banking business did big business during the second quarter. Analysts viewed that as a sign companies are turning to major financial firms to raise money and expand. Bulls hope that stronger corporate profits will help the underlying value of stocks and keep this year's rally going.
BUSINESS
November 21, 2012 | By Jim Puzzanghera, Los Angeles Times
WASHINGTON - Federal Reserve Chairman Ben S. Bernanke urged President Obama and Congress to shield the fragile economy from the full brunt of the so-called fiscal cliff or risk another recession just as the recovery is taking hold. Speaking Tuesday at the New York Economic Club, Bernanke warned that the Fed doesn't have the tools left to offset the one-two punch of significantly higher taxes and sharply reduced government spending set to begin in January. "Coming together to find fiscal solutions will not be easy, but the stakes are high," Bernanke said.
BUSINESS
March 1, 2012 | By Don Lee, Los Angeles Times
U.S. consumers and the economy started the year with more financial pep than previously thought, but Federal Reserve Chairman Ben S. Bernanke cautioned that economic growth probably would be modest through the rest of this year. The nation's recovery from the brutal recession has been "uneven and modest," the Fed chief told Congress on Wednesday, and is being hampered by tight credit for borrowers, a depressed housing market, budget-strapped governments and uncertainties in resolving the European sovereign debt crisis.
BUSINESS
February 2, 2012 | By Don Lee, Los Angeles Times
Even as Federal Reserve Chairman  Ben S. Bernanke described the recovery as "frustratingly slow," Republican lawmakers lit into the central bank chief's latest efforts to boost the economy. In testifying before the House Budget Committee, Bernanke said Thursday that the economy had been improving recently - with consumer spending, manufacturing and job growth up in recent months. But he repeated his cautious outlook for the economy, mentioning uncertainties about Europe, the still-depressed U.S. housing market and the ability of consumers to keep spending in the face of stagnant incomes, tight credit and weak confidence.
BUSINESS
August 28, 2010 | By Jim Puzzanghera, Los Angeles Times
Faced with fresh evidence that the economic recovery is faltering, Federal Reserve Chairman Ben S. Bernanke pledged that the central bank stood ready to redouble efforts to prevent the nation from slipping back into recession. His remarks came after the Commerce Department sharply downgraded the nation's economic growth in the second quarter, the latest in a string of indicators to suggest that the risk of a "double-dip" recession had increased. "We have come a long way, but there is still some way to travel," Bernanke told a gathering of bankers and economists in Jackson Hole, Wyo., on Friday.
BUSINESS
September 8, 2008 | Clive Crook, Financial Times
Ben S. Bernanke's appointment as chairman of the Federal Reserve was poorly timed. He had hardly gotten his feet under the desk before having to cope with possibly the most testing financial and economic crisis in nearly 30 years. Ethan S. Harris, author of "Ben Bernanke's Fed," an interim report on the new chairman, is in a position to sympathize. His own timing leaves something to be desired. The book went to press in May, it seems, but the main narrative stops before the Bear Stearns drama in March -- a moderately busy time, one imagines, for Harris, chief U.S. economist and Fed watcher at Lehman Bros.
BUSINESS
August 1, 2007 | From Times Wire Services
Federal Reserve Chairman Ben S. Bernanke on Tuesday filed a financial disclosure report showing that he held stock and bond funds and a retirement annuity, with a portfolio valued at $1.1 million to $2.5 million. The holdings and Bernanke's textbook royalties produced income of between $142,000 and $334,000. The disclosure form asks only for broad dollar ranges.
BUSINESS
November 21, 2012 | By Jim Puzzanghera, Los Angeles Times
WASHINGTON - Federal Reserve Chairman Ben S. Bernanke urged President Obama and Congress to shield the fragile economy from the full brunt of the so-called fiscal cliff or risk another recession just as the recovery is taking hold. Speaking Tuesday at the New York Economic Club, Bernanke warned that the Fed doesn't have the tools left to offset the one-two punch of significantly higher taxes and sharply reduced government spending set to begin in January. "Coming together to find fiscal solutions will not be easy, but the stakes are high," Bernanke said.
BUSINESS
September 14, 2012 | By David Lazarus
Politics -- I get it. Really. You say what you've got to say to score points with voters. But when it comes to getting the economy up and running again, does it really help to pretend that you've never attended a single economics class or that you have no clue about how things actually work? I'm thinking about the responses from Republicans to news that the Federal Reserve will step up its economic-stimulus efforts with a plan to buy $40 billion worth of mortgage-backed securities.
BUSINESS
September 12, 2012 | By Jim Puzzanghera and E. Scott Reckard, Los Angeles Times
WASHINGTON — Federal Reserve Chairman Ben S. Bernanke is poised to roll out another stimulus program — and risk the wrath of conservative critics. Bernanke and his central bank colleagues gather Wednesday for a pivotal two-day session fresh off last week's disappointing jobs report, the latest in a string of signs that the economic recovery is faltering. And with Europe, China and other nations taking steps to bolster their struggling economies in the face of a global slowdown, Washington and Wall Street expect the Fed to unveil plans for a third round of its controversial bond-buying program when the meeting ends Thursday.
BUSINESS
July 17, 2012 | By Don Lee and Jim Puzzanghera, Los Angeles Times
WASHINGTON - Federal Reserve Chairman Ben S. Bernanke offered a bleak assessment of the economy, stirring more speculation that the central bank would spring into action to boost the flagging recovery. But the Fed chief gave no hint that any move was imminent. And several analysts concluded after his testimony to lawmakers Tuesday that the Fed was now likely to sit tight this summer, waiting until at least its mid-September meeting before undertaking new efforts to spur growth.
BUSINESS
July 16, 2012 | By Jim Puzzanghera and Marc Lifsher, Los Angeles Times
WASHINGTON - A House committee is launching a bipartisan investigation into allegations that large banks rigged a key interest rate, and will start by questioning Federal Reserve ChairmanBen S. Bernanke and Treasury SecretaryTimothy F. Geithner at upcoming hearings. At the same time, officials at the country's largest public pension fund, the California Public Employees' Retirement System, said Monday they were examining the effect of the rate-fixing scandal and might seek damages if they could be calculated.
CALIFORNIA | LOCAL
June 26, 2012 | Bloomberg News
Anna Schwartz, an economist and coauthor with Milton Friedman of a book on monetary policy that shaped the views of central bankers including Federal Reserve ChairmanBen S. Bernanke, has died. She was 96. Schwartz died Thursday at her home in Manhattan after a long illness, said her daughter Naomi Pasachoff. The first book that Schwartz wrote with Friedman, "A Monetary History of the United States, 1867-1960," had "critical influence" on the outlook "of a generation of policymakers," Bernanke said in 2003, when he was a Fed governor.
BUSINESS
July 28, 2006 | From Bloomberg News
Federal Reserve Chairman Ben S. Bernanke said new government rules for energy derivative securities such as futures contracts and for hedge funds were unnecessary, reiterating stances taken by his predecessor, Alan Greenspan. "Additional regulation of energy derivatives is not warranted," Bernanke said in a letter to Sen. Michael D. Crapo (R-Idaho), responding to questions from Crapo. The letter was released Thursday.
BUSINESS
November 17, 2005 | From Reuters
The Senate Banking Committee on Wednesday approved the nomination of Ben S. Bernanke to be chairman of the Federal Reserve, sending it to the full Senate for a final confirming vote. The panel backed Bernanke, chairman of the White House Council of Economic Advisors, on a voice vote, with one committee member in opposition. "Ben Bernanke has the potential to follow in the footsteps of the giants like Paul Volcker and Alan Greenspan," said Sen. Charles Schumer (D-N.Y.
BUSINESS
March 1, 2012 | By Don Lee, Los Angeles Times
U.S. consumers and the economy started the year with more financial pep than previously thought, but Federal Reserve Chairman Ben S. Bernanke cautioned that economic growth probably would be modest through the rest of this year. The nation's recovery from the brutal recession has been "uneven and modest," the Fed chief told Congress on Wednesday, and is being hampered by tight credit for borrowers, a depressed housing market, budget-strapped governments and uncertainties in resolving the European sovereign debt crisis.
BUSINESS
February 2, 2012 | By Don Lee, Los Angeles Times
In what has become a familiar refrain from the chairman of the Federal Reserve,  Ben S. Bernanke described the economic recovery Thursday as “frustratingly slow” and said that “significant headwinds” face consumers and the broader economy. In his first public exchange with Congress this year, Bernanke told members of the House Budget Committee that while the economy has been improving recently -- with consumer spending, manufacturing and job growth up in recent months -- the outlook remains uncertain.
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