November 21, 2012 |
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.
March 1, 2012 |
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.
February 2, 2012 |
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.
August 28, 2010 |
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.
September 8, 2008 |
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.
August 1, 2007 |
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.