November 30, 2007 |
Federal Reserve Chairman Ben S. Bernanke hinted Thursday that another interest rate cut may be needed to bolster the economy. The worsening credit crunch, a deepening housing slump and rising energy prices probably will create some "head winds for the consumer in the months ahead," he said. Bernanke said he expected consumer spending would continue to grow and suggested the country could withstand current problems without falling into a recession.
November 29, 2006 |
Federal Reserve Chairman Ben S. Bernanke warned Tuesday that even though the housing and automobile sectors had dragged down economic growth, inflation remained "uncomfortably high." The remarks were seen as suggesting that the Fed might not cut interest rates as soon as some investors hope. But many analysts still predicted that the Fed's next move on interest rates would be to lower them, although that might be six months away.
March 21, 2006 |
Relatively low long-term interest rates aren't signaling an economic slowdown, and increases in consumers' mortgage debt may not be a serious problem, Federal Reserve Chairman Ben S. Bernanke said Monday. Bernanke's remarks reaffirmed expectations that more Fed rate hikes are coming, analysts and traders said.
January 19, 2007 |
Federal Reserve Chairman Ben S. Bernanke delivered a stern warning to Congress on Thursday to address the national debt, saying spiraling government spending could lead to a "vicious cycle" of even bigger federal budget deficits. "The longer we wait, the more severe, the more draconian, the more difficult the objectives are going to be" in responding to the crisis, he said. "The right time to start was about 10 years ago." Sen. Kent Conrad (D-N.D.
December 18, 2009 |
A Senate panel endorsed Ben S. Bernanke on Thursday for another term as Federal Reserve chairman, clearing the way for a confirmation vote on the Senate floor early next year. The Senate Banking Committee voted 16 to 7 to send to the full Senate Bernanke's nomination for a second four-year term when his current one ends Jan. 31. Although he appears likely to be confirmed, there could be more than a few "no" votes from members of both parties who are dissatisfied with the state of the economy and Bernanke's stewardship of the Fed. Only four of 10 Republicans voted in favor of Bernanke, who is a Republican first appointed by President Bush.
January 31, 2006 |
A new chairman of the Federal Reserve comes along about as often as a new pope, but the transition this week from Alan Greenspan to Ben Shalom Bernanke is remarkably devoid of ceremony. The Senate is expected to approve Bernanke's nomination today by an overwhelming margin. By Wednesday morning, Greenspan will have packed up the mementoes from his 18 1/2 -year reign and Bernanke will move into his office.
July 26, 2009 |
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 |
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.
October 25, 2005 |
President Bush's choice of Ben S. Bernanke to succeed Alan Greenspan as chairman of the Federal Reserve Board drew scattered expressions of concern Monday from members of Congress and consumer groups. But it received good reviews among some of the people who matter most to the nomination: the leadership of the Senate Banking, Housing and Urban Affairs Committee, which will conduct confirmation hearings. Committee Chairman Sen. Richard C. Shelby (R-Ala.
February 15, 2007 |
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.