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.
February 16, 2006 |
In his maiden appearance before Congress as Federal Reserve chairman, Ben S. Bernanke signaled that more interest rate increases were likely, a hint that he would follow in the inflation-fighting footsteps of his iconic predecessor, Alan Greenspan. But he also made it clear that plain-speak would replace the era of Greenspeak.
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.
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.
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.
February 15, 2007 |
Optimism that the global economic expansion will keep rolling drove key U.S. stock indexes to record highs Wednesday. The Dow Jones industrial average topped 12,700 for the first time, rising 87.01 points, or 0.7%, to 12,741.86. In a sign of broad-based demand for stocks, the session marked the first time since 1998 that all three major Dow share indexes -- the industrials, the transports and the utilities -- swept to record levels simultaneously.
January 31, 2007 |
Nobody ever said Alan Greenspan would be an easy act to follow. But Ben S. Bernanke, marking his first anniversary as chairman of the Federal Reserve, is winning Greenspan-like plaudits for deftly steering the U.S. economy toward the promised land of steady growth and moderating inflation. With President Bush focused on Iraq and Treasury Secretary Henry M. Paulson shepherding most of Bush's domestic agenda, the nation's central banker is now more than ever the chief steward of the U.S. economy.
May 29, 2006 |
Ben S. Bernanke's honeymoon as the new Federal Reserve chairman is drawing to an end. Now comes the hard part. The Fed has reached a crunch point in its stewardship of the U.S. economy, and any misstep on Bernanke's part could have dramatic consequences. Inflation is picking up just as economic growth and job creation appear to be slowing. The housing boom is ending, and rising mortgage rates threaten to depress home prices and throttle consumer spending.
October 25, 2005 |
A surging stock market on Monday suggested rousing approval on Wall Street of President Bush's choice of Ben S. Bernanke to head the Federal Reserve. But for investors and consumers, the choice of a successor for Alan Greenspan still leaves open the big questions of Fed policy: How much higher will the central bank raise interest rates, and how long will it keep them up?
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.