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.
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.
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.
July 20, 2006 |
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 |
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 |
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 |
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.