August 26, 2011 |
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.
January 27, 2010
Not very gentle on Ben Re " Federal Reserve chief's job on the line," Jan. 23 It is a telling commentary on our fractious politics when populists from the left and right unite to protest Ben S. Bernanke's reappointment as Fed chairman. Wall Street Brahmins and Washington lackeys attempt to continue the charade that only a chosen few can manage the American economy. But the case against the chairman's reappointment is overwhelming. He and his predecessor, Alan Greenspan, protected the banking system and their club of cronies to the detriment of the general population.
November 9, 2007 |
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 |
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 |
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."
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 16, 2012 |
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 |
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.
March 24, 2011 |
Long one of the most secretive and inscrutable government institutions, the Federal Reserve for the first time will allow its chairman to meet regularly with reporters to explain the central bank's actions. The decision to have Chairman Ben S. Bernanke hold quarterly news briefings comes as the Fed tries to become more open in the face of intense criticism of the unprecedented steps it took during the financial crisis to help large banks and Wall Street firms. "It was pretty clear that the Fed needed to do something to be seen as more open," said Vincent Reinhart, a former Fed official and resident scholar at the American Enterprise Institute for Public Policy Research.