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Ben S Bernanke

August 26, 2011 | Tom Petruno, Market Beat
Squeezed into a corner, Ben S. Bernanke tried a classic escape tactic: Create a diversion. With financial markets hoping for something of substance in the Federal Reserve chairman's speech on the economy Friday, Bernanke instead cooked up some comfort food. The near-term outlook is a struggle, he allowed, but over the long term the U.S. has the wherewithal to return to a healthy pace of growth. Warren Buffett also tried to make America feel better this week, although unlike Bernanke, the country's second-wealthiest man put up some real money to back his oft-stated optimism.
November 9, 2007 | Maura Reynolds and Walter Hamilton, Times Staff Writers
Federal Reserve Chairman Ben S. Bernanke failed Thursday either to calm pessimists' fears or to raise optimists' hopes about the economy -- leading to the second straight day of losses on Wall Street. In lengthy congressional testimony, Bernanke tried to deliver a balanced message. On the downside, he said, the Fed believes that the economy will slow significantly by the end of the year and that problems in the housing market have yet to bottom out.
September 1, 2007 | From the Associated Press
The stock market closed out another erratic week with a big gain Friday after investors took comments from President Bush and Federal Reserve Chairman Ben S. Bernanke as signs that Wall Street wouldn't be left to deal with problems in the mortgage and credit markets on its own. Investors balked early in Friday's session when Bernanke didn't suggest that a cut in the benchmark federal funds rate was imminent.
October 25, 2005 | Peter G. Gosselin and Warren Vieth, Times Staff Writers
President Bush on Monday dashed ahead of his own timetable for naming a successor to Federal Reserve Chairman Alan Greenspan, picking former university economist Ben S. Bernanke to head the nation's central bank. The 51-year-old Bernanke, who is chairman of Bush's Council of Economic Advisors and served as a Federal Reserve governor from 2002 until June, immediately promised that "my first priority will be to maintain continuity with the policies ... established during the Greenspan years."
July 16, 2012 | By Jim Puzzanghera and Marc Lifsher, Los Angeles Times
WASHINGTON - A House committee is launching a bipartisan investigation into allegations that large banks rigged a key interest rate, and will start by questioning Federal Reserve ChairmanBen S. Bernanke and Treasury SecretaryTimothy F. Geithner at upcoming hearings. At the same time, officials at the country's largest public pension fund, the California Public Employees' Retirement System, said Monday they were examining the effect of the rate-fixing scandal and might seek damages if they could be calculated.
March 1, 2011 | By Jim Puzzanghera, Los Angeles Times
Federal Reserve Chairman Ben S. Bernanke said a sustained rise in prices for oil and other commodities would threaten the economic recovery, but that even with the turmoil in the Middle East he did not expect higher prices would create inflation problems in the United States. "The most likely outcome is that the recent rise in commodity prices will lead to, at most, a temporary and relatively modest increase in U.S. consumer price inflation," Bernanke said in testimony Tuesday before the Senate Banking Committee.
November 5, 2010
The Federal Reserve announced that it will try again to spur the economy through a second round of "quantitative easing," which is Washington-speak for "conjuring money out of thin air. " But the Fed's plan to purchase $600 billion worth of long-term Treasury bonds won't double the country's sluggish growth rate or slash unemployment. It's just a nudge to the economy, not a shove. The problem for the Fed is that it is failing at one of its core missions ? to keep unemployment low ?
July 19, 2013 | By Andrew Tangel
NEW YORK - Investors pushed major U.S. indexes to a fresh round of all-time highs this week after strong profit reports from Wall Street banks were seen as another sign that the economy is improving. Citigroup Inc., Goldman Sachs and Morgan Stanley all reported that their investment banking business did big business during the second quarter. Analysts viewed that as a sign companies are turning to major financial firms to raise money and expand. Bulls hope that stronger corporate profits will help the underlying value of stocks and keep this year's rally going.
March 2, 2010 | By Don Lee
The Federal Reserve's No. 2 person, a close ally of Chairman Ben S. Bernanke during the institution's crucial response to the financial crisis, will step down as vice chairman when his term expires in June. Donald L. Kohn's departure, announced Monday by the Fed, could leave a third opening on the central bank's seven-member board in Washington. Two seats are vacant now. The last time the Fed's board was down to four members was in 1942. That size wouldn't limit the Fed's ability to make decisions, but it would give President Obama the opportunity to appoint a majority of the Fed board members.
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