March 5, 2008 |
Saying banks must do more to stem rising foreclosures, Federal Reserve Chairman Ben S. Bernanke called on lenders Tuesday to go beyond trimming interest rates on some troubled mortgages by cutting the size of the loans as well. Unless bankers act quickly, Bernanke warned, a large number of homeowners could walk away from their mortgage debt, reversing the historical pattern of people hanging onto their homes at almost all costs.
February 28, 2008 |
Federal Reserve Chairman Ben S. Bernanke painted a bleak picture of the economy Wednesday, suggesting tough times ahead for many Americans and all but guaranteeing further interest rate cuts as the central bank tries to avert the worst of the trouble. Bernanke described a triple threat of little or no growth, more financial market freeze-ups and rising inflation, an ugly combination that would raise unemployment and leave many would-be home buyers and business borrowers without funds.
February 18, 2007 |
On Wall Street, an optimistic Federal Reserve chief trumps just about everything else -- including mortgage-market debacles and jitters over possible hedge fund meltdowns. That was evident last week as investors weighed Fed Chairman Ben S. Bernanke's upbeat words on the economy in his semiannual testimony to Congress.
February 13, 2006 |
Wall Street had been hoping for "none, or one and done" in terms of additional Federal Reserve interest rate increases. But a recent jump in yields on shorter-term Treasury securities suggests that investors are losing faith that the central bank is ready to take a break. The outlook for rates will be center stage this week in financial markets as Ben S. Bernanke gives his first congressional testimony as Fed chairman. Bernanke, who succeeded Alan Greenspan on Feb.
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.
November 25, 2010
Fed up with the Fed Re "Bernanke bashers," Opinion, Nov. 19 I almost fell out of my chair when I read that Rep. Ron Paul is portraying the Federal Reserve and its chairman, Ben S. Bernanke, as socialists. Wait, what? Is this the same Bernanke who is an admirer of Alan Greenspan and Milton Friedman, champions of deregulation? Is this the same Fed that has been shirking its regulatory duties for the past 30 years, and has led us to more economic inequality than this country has seen in almost 100 years?
April 28, 2011 |
The buildup seeming to rival that of the British royal wedding. A cable news channel displayed for hours a digital clock counting down to the event. Pundits breathed deeply about the potential impact of it all. The marble temple-like edifice that houses the nearly century-old Federal Reserve had never seen anything like it: For the first time, a chairman of the central bank was submitting himself to questioning by reporters at an news conference. At the appointed time, the chairman, Ben S. Bernanke, took his seat behind a mahogany desk made specially for the occasion.
January 7, 2010
It's tall, sure, but so what? Re "Architecture to look up to," Editorial, Jan. 5 I am always pleased when architecture gains a place of prominence in the newspaper, particularly on the editorial page. However, to be "in awe" of the Burj Khalifa -- a monument to ego, power and (as Times critic Christopher Hawthorne aptly stated) hubris -- is misplaced. The architectural and engineering achievements to be in awe of are schools, homes, hospitals, offices and public spaces, not necessarily by the stars of the industry but designed with care, responsibility, insight and creativity by a dedicated architectural workforce.
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.