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Ben S Bernanke

July 26, 2009 | Don Lee
The long nights of sleeping on his office couch are over. Nowadays Ben S. Bernanke goes home most evenings for dinner. He finds time to watch TV with his wife of 31 years, Anna, and read books on his Kindle.
November 16, 2005 | Joel Havemann, Times Staff Writer
Ben S. Bernanke, President Bush's nominee to succeed Alan Greenspan as chairman of the Federal Reserve, pledged Tuesday to maintain the Fed's "independent and nonpartisan status" despite his current job as one of Bush's chief economic advisors. "I will be strictly independent of all political influences and will be guided solely by the Federal Reserve's mandate from Congress and by the public interest," said Bernanke, chairman of the White House Council of Economic Advisors.
February 15, 2007 | Molly Hennessy-Fiske, Times Staff Writer
Federal Reserve Chairman Ben S. Bernanke told Congress on Wednesday that he was generally pleased with the slow-growing economy and sees inflation pressures easing, reinforcing the widespread view that the central bank won't raise interest rates soon. Analysts feared a dour forecast, based on the housing slowdown and inflation lingering at a 2.5% rate last month, half a point above the upper limit of the Fed's comfort zone.
July 20, 2006 | Joel Havemann, Times Staff Writer
Federal Reserve Chairman Ben S. Bernanke on Wednesday presented a benign forecast for the U.S. economy, and markets welcomed his testimony as evidence that the Fed would soon halt its campaign of raising short-term interest rates. In his semiannual economic assessment to Congress, Bernanke predicted a happy combination of slower but sustainable expansion and gradually moderating inflation. Growth "should moderate ... both this year and next," Bernanke told the Senate Banking Committee.
March 29, 2007 | Molly Hennessy-Fiske, Times Staff Writer
Federal Reserve Chairman Ben S. Bernanke's renewed emphasis on fighting inflation over stimulating growth puts him in a tough spot, analysts say, amid fears that a worsening housing slump could bring back "stagflation": slow economic growth paired with rising prices.
July 19, 2007 | Joel Havemann, Times Staff Writer
Federal Reserve Chairman Ben S. Bernanke on Wednesday painted a portrait of an economy that was carefully -- and successfully -- balanced to produce healthy growth and low inflation. A prolonged slump in the housing market could cut into overall economic growth, Bernanke told the House Financial Services Committee in his semiannual report on the state of the economy. And a resurgence in consumer spending could rekindle inflation.
January 4, 2010
Ben S. Bernanke's four years as chairman of the Federal Reserve Board of Governors have been as challenging as any chairman's since the Depression. He moved with uncommon alacrity and creativity, forcing down interest rates and injecting hundreds of billions of dollars into the financial system after a series of high-profile collapses on Wall Street threatened to wreck the U.S. economy. No one can say for sure, but we (and many leading economists) are convinced that the recession would have been far worse had the Fed acted more timidly.
October 26, 2005 | Joel Havemann, Times Staff Writer
In three years of serving under Alan Greenspan on the Federal Reserve Board, Ben S. Bernanke sided with the chairman on every decision to move interest rates up or down or to leave them alone. But Bernanke, nominated Monday by President Bush to become the next Fed chairman, is no clone of the 79-year-old Greenspan, analysts say. Their distinctions are more in style than substance, but that could make a difference in interest rate policy and crisis management.
February 15, 2007 | Walter Hamilton, Times Staff Writer
Optimism that the global economic expansion will keep rolling drove key U.S. stock indexes to record highs Wednesday. The Dow Jones industrial average topped 12,700 for the first time, rising 87.01 points, or 0.7%, to 12,741.86. In a sign of broad-based demand for stocks, the session marked the first time since 1998 that all three major Dow share indexes -- the industrials, the transports and the utilities -- swept to record levels simultaneously.
January 31, 2007 | Joel Havemann, Times Staff Writer
Nobody ever said Alan Greenspan would be an easy act to follow. But Ben S. Bernanke, marking his first anniversary as chairman of the Federal Reserve, is winning Greenspan-like plaudits for deftly steering the U.S. economy toward the promised land of steady growth and moderating inflation. With President Bush focused on Iraq and Treasury Secretary Henry M. Paulson shepherding most of Bush's domestic agenda, the nation's central banker is now more than ever the chief steward of the U.S. economy.
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