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Major business events and economic events scheduled for Wednesday:
Fed Officials Saw Contraction in Economy `Likely' Bloomberg reports: Federal Reserve officials anticipated that the economy would shrink in the first half of the year, with some concerned about ``a prolonged and severe economic downturn.''
The Education of Ben Bernanke By cutting rates by a total of one point since August, Bernanke has clearly moved toward a policy of stimulus.
Near-panic atmosphere as US Federal Reserve chairman testifies before CongressOn Thursday, one day after American stock markets plummeted in the face of mounting bank losses, soaring oil prices and record lows for the US dollar, Federal Reserve Board Chairman Ben Bernanke gave a gloomy economic forecast in testimony before Congress' Joint Economic Commit …
US Federal Reserve accedes to Wall Street demands with another interest rate cutThe web site Street.com cited James Bianco, president of Chicago-based Bianco Research, as saying, "We should just change Bernanke's title to chief investment officer of the United States," and adding that "the markets are never going to relinquish their hope for more rat …
The World According to Alan GreenspanAlan Greenspan considers himself to be the luckiest economist in the world. "I was very fortunate," Greenspan told NEWSWEEK of his lengthy and eventful tenure as chairman of the Federal Reserve, which lasted from August 1987 to January 2006.
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