February 17, 2006 |
Federal Reserve Chairman Ben S. Bernanke, barraged Thursday with lawmakers' questions about rising foreign ownership of U.S. assets, played down fears that China held enough dollars to endanger the U.S. economy. In his second day of Capitol Hill testimony, the new central bank chief was pressed by Senate Banking Committee members on whether the soaring U.S. trade deficit, financed by foreign borrowing, made the economy and the dollar vulnerable. "I don't think that the Chinese ownership of U.S.
August 26, 2006 |
Federal Reserve Chairman Ben S. Bernanke on Friday cautioned U.S. lawmakers to avoid the temptation to impose protectionist trade policies in reaction to fierce international competition. Globalization has made countries increasingly connected economically, Bernanke told a conference that explored the forces of globalization. The opportunities for companies to sell their goods to more countries can generate wealth and boost living standards, he said.
March 15, 2006 |
Big federal budget deficits raise risks to the country's long-term economic health and they need to be curbed, Federal Reserve Chairman Ben S. Bernanke said. "The prospective increase in the budget deficit will place at risk future living standards of our country," Bernanke said. "As a result, I think it would be very desirable to take concrete steps to lower the prospective path of the deficit."
September 14, 2012 |
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.
July 21, 2006 |
Federal Reserve officials were uncertain at their June meeting about future interest rate steps and wanted to see more data before deciding whether any more tightening was needed, minutes of the meeting released Thursday showed. Also Thursday, Fed Chairman Ben S. Bernanke told a congressional panel that there was room for U.S. workers' wages to grow and reason to expect it. In a second day of testimony on the U.S.
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.