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Federal Reserve Chairman Ben Bernanke's nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel's chairman said Friday.
Federal Reserve Chairman Ben Bernanke on Monday said the central bank will monitor the sliding U.S. dollar but pledged anew to keep interest rates at record lows to nurture the economic recovery.
The dollar mostly declined Wednesday, with the euro bumping up near $1.50 as a Federal Reserve official said in a speech that interest rates could possibly not rise until 2012 from their current record low near zero — if the Fed acts as it has before.
Treasury prices rose modestly Tuesday as investors balanced positive news from a tame inflation report against increasing supply from corporate and sovereign issues that compete against government debt.
Moving up the effective date of tough new regulations to protect credit card customers from sudden interest rate increases could be a double-edged sword, according to Federal Reserve Chairman Ben Bernanke.
Federal Reserve Chairman Ben Bernanke prodded Congress Friday to enact legislation overhauling the nation's financial regulatory system to prevent a repeat of the banking and credit debacles that had thrust the country into crisis.
Oil prices are set to end the week above $77 per barrel, marking the largest percentage increase in the cost of crude since the height of the summer driving season. Retail gas prices have begun to tag along.
Federal Reserve Chairman Ben Bernanke sent a fresh signal Thursday that he's in no rush to reverse course and start boosting interest rates.
Federal Reserve Chairman Ben Bernanke told a skeptical Congress Thursday that the central bank is "well suited" to oversee colossal financial companies whose failure could endanger the entire economy.
Oil prices which had been rising since late last week paused Tuesday on a new report showing that consumers remain leery of job losses and also growing evidence that U.S. crude supplies have grown.
Federal prosecutors say an Illinois man has pleaded guilty in an identity theft ring that ensnared Federal Reserve Chairman Ben Bernanke as a victim.
Federal Reserve Chairman Ben Bernanke said Tuesday the worst recession since the 1930s is probably over, although he cautioned that pain — especially for the nearly 15 million unemployed Americans — will persist.
Stock futures are pointing to a mixed open as investors are appearing to look to book profits on the week's long rally.
Asian markets were mostly lower Friday after setting new highs for the year, with Tokyo shares down almost 1 percent amid news a major Japanese consumer finance firm was unable to pay its debts.
Better news on retail sales and manufacturing helped send stocks higher Tuesday, as did comments from Federal Reserve Chairman Ben Bernanke that the recession was probably over. The government reported that retail sales jumped in August by the biggest amount in three years. The Fed's index of manufacturing in the New York region rose to its best level since late 2007.
A doctors' receptionist has admitted to stealing bank account information from patients as part of an identity theft ring that ensnared Federal Reserve Chairman Ben Bernanke as a victim.
A sophisticated identity theft ring that counted Federal Reserve Chairman Ben Bernanke's wife among its victims didn't stop at stealing money electronically. Authorities said Tuesday it also sent a woman wearing a variety of wigs into bank branches to drain their accounts in person.
Federal Reserve Chairman Ben Bernanke has been praised for averting another Great Depression and accused of acting too late to prevent the financial crisis. But most agree that many of his bold actions helped stabilize financial markets and prevent the crisis from deepening.
The first family's weeklong vacation is coming to an end.
President Barack Obama announced Tuesday he wants to keep Ben Bernanke on as Fed chairman, saying he shepherded America through the worst economic crisis since the Great Depression.
Shares of homebuilders climbed Friday after the National Association of Realtors said homes sales surged in July, while Federal Reserve Chairman Ben Bernanke said the U.S. economy is on the cusp of a recovery.
Shares of ethanol producers rose in Monday afternoon trading as oil prices hit a new high for the year after Federal Reserve Chairman Ben Bernanke said the U.S. economy is recovering, which could increase demand for gasoline.
Shares of agribusiness stocks rose on Friday after Federal Reserve Chairman Ben Bernanke said the economy is on the verge of recovery, signaling that global demand for meat and grains could strengthen in coming months.
Federal Reserve Chairman Ben Bernanke declared Friday that the U.S. economy is on the verge of a long-awaited recovery.
Federal Reserve Chairman Ben Bernanke on Friday offered his most optimistic outlook since the financial crisis struck, saying the economy is on the verge of growing again.
Bernanke urges Congress to act now on overhaulFederal Reserve Chairman Ben Bernanke prodded Congress Friday to enact legislation overhauling the nation's financial regulatory system to prevent a repeat of the banking and credit debacles that had thrust the country into crisis.
U.S. Economy to Stall as Spending Cools, Survey Shows Bloomberg reports: Economic growth in the U.S. will come to a halt in the first six months of 2008 as consumer spending cools, a Bloomberg News survey showed.
Tuesday, January 22, 2008 Are we really, right now, in need of a Government Bailout???
Ben Bernanke says Inflation Slowing but Risks Still ThereAccording to a message from Federal Reserve Chairman Ben Bernanke delivered via satellite, the economy will continue to grow at a slower pace during the coming months.
"Milton Friedman Day" to be Celebrated MondayThe legacy of Milton Friedman, the Nobel laureate who was arguably the most influential economist of the 20th century, will be celebrated -- and debated -- Monday in a series of events staged in his memory. Friedman died Nov. 16 at the age of 94.
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