Bernanke prods Congress to enact financial overhaul to prevent future crisesWASHINGTON — 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. Bernanke calls for US to ’substantially reduce” budget deficits to combat global imbalancesWASHINGTON — Federal Reserve Chairman Ben Bernanke called Monday for the United States to whittle down its record-high budget deficits and for countries like China to get their consumers to spend more. Bernanke sees no rush to boost rates; confident Fed can reel in support when time is rightWASHINGTON — Federal Reserve Chairman Ben Bernanke sent a fresh signal Thursday that he’s in no rush to reverse course and start boosting interest rates. Bernanke: Fed ‘well suited’ to oversee largest financial cos.; subdued on consumer protectionWASHINGTON — 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. Fed Reserve Chairman Bernanke says regulators should prevent the next ‘too big to fail’ firmWASHINGTON — Federal Reserve Chairman Ben Bernanke says federal regulators should be responsible for ensuring that the financial institutions they oversee don’t become so big and unwieldy that their failure could bring down the economy. Fed members walking fine line in remarks on economy, some say mixed signals being sentWASHINGTON — The Federal Reserve’s high-wire act in easing the extraordinary support it has provided the economy was on display Friday. Fed Chairman Ben Bernanke said a key consumer lending program is still needed, while one of his colleagues talked about acting forcefully when the time comes to boost interest rates. Bernanke: Despite financial improvements, program to spark consumer lending still neededWASHINGTON — Federal Reserve Chairman Ben Bernanke said Friday a government program intended to spark lending to consumers and businesses is still necessary even with other emergency lending programs winding down as the economy recovers. Bernanke says recession ‘very likely over,’ confident Congress will pass new financial rulesWASHINGTON — 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. Obama announces plan to keep Bernanke as chairman of Fed to continue economic recoveryOAK BLUFFS, Mass. — 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. Happy with his work, Obama reappoints Ben Bernanke for second term as head of Federal ReserveOAK BLUFFS, Mass. — President Barack Obama has announced he wants Ben Bernanke to get a second four-year term as head of the Federal Reserve, praising his “calm and wisdom” in the face of a near financial collapse. AP source: Obama plans to keep Bernanke as chairman of Fed to continue economic recoveryOAK BLUFFS, Mass. — President Barack Obama plans to reappoint Ben Bernanke to a second term as chairman of the Federal Reserve, a position from which he guided the economy away from its worst recession since the 1930s and, the White House hopes, toward an economic recovery critical to its legacy. AP source: Obama to nominate Bernanke to a second term as chairman of Federal ReserveOAK BLUFFS, Mass. — Federal Reserve Chairman Ben Bernanke, widely credited with taking aggressive action to avert an economic catastrophe after the financial meltdown last fall, will be nominated by President Barack Obama for a second term, The Associated Press learned Monday night. AP source: Obama to nominate Federal Reserve Chairman Ben Bernanke to 2nd termOAK BLUFFS, Mass. — Federal Reserve Chairman Ben Bernanke, widely credited with taking aggressive action to avert an economic catastrophe after the financial meltdown last fall, will be nominated by President Barack Obama for a second term, The Associated Press learned Monday night. Bernanke optimistic economy will grow again soon; avoids blame for any crisis misstepsJACKSON, Wyo. — 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: US economy on verge of recovery and worst of crisis is over, but challenges remainJACKSON, Wyo. — Federal Reserve Chairman Ben Bernanke declared Friday that the U.S. economy is on the verge of a long-awaited recovery after enduring a brutal recession and the worst financial crisis since the Great Depression. Bernanke resists Obama plan to create consumer-products agency, strip Fed of some oversightWASHINGTON — Ben Bernanke put himself at odds with the Obama administration Wednesday by resisting its plan to create a consumer protection agency for risky financial products. The Federal Reserve chief said those responsibilities should stay with the central bank. Bernanke arrives at Senate to defend Fed’s actions to rescue US economy, aid recoveryWASHINGTON — Federal Reserve Chairman Ben Bernanke ran into more tough questions Wednesday on Capitol Hill about the central bank’s extraordinary actions to rescue the economy and its ability to take on even more responsibility. Bernanke heads to Senate to defend Fed’s actions to rescue US economy, aid recoveryWASHINGTON — Federal Reserve Chairman Ben Bernanke heads back to Capitol Hill Wednesday, where he’s likely to face more tough questions about the central bank’s extraordinary actions to rescue the economy and its ability to take on even more responsibility. Bernanke defends Fed’s ability to take on supercop role, unwind stimulus to prevent inflationWASHINGTON — Federal Reserve Chairman Ben Bernanke ran into skepticism Tuesday from lawmakers wary of expanding the Fed’s duties to police big financial companies. They argued that the Fed failed to spot problems that led to the financial crisis in the first place. Bernanke confident Fed can unwind stimulus to prevent inflation when economy recoversWASHINGTON — Federal Reserve Chairman Ben Bernanke on Tuesday fended off congressional skepticism about expanding the Fed’s duties to police big financial companies given the central bank’s failure to catch problems that led to the financial crisis. Bernanke to update Congress on economy, expected to face tough questions on bailouts, recoveryWASHINGTON — Federal Reserve Chairman Ben Bernanke likely will face tough questions this week from lawmakers about taxpayer bailouts of financial companies, slow-moving government efforts to curb home foreclosures and the possibility that the Fed’s unprecedented steps to stimulate the economy could spur inflation later on. Bernanke: Reliable stats help Fed, Americans have better grasp of economic trendsWASHINGTON — Reliable economic statistics produced by the U.S. government are important to Federal Reserve policymakers as well as millions of ordinary Americans wanting to keep tabs on jobs, wages and prices at stores, Fed chairman Ben Bernanke said Friday. Bernanke faces heat from Republicans on BofA-Merrill deal; disputes threatening CEO’s jobWASHINGTON — Facing an unusual political trial, Federal Reserve Chairman Ben Bernanke disputed accusations Thursday that he pressured Bank of America to acquire Merrill Lynch in a deal that cost taxpayers $20 billion. Bernanke says he didn’t pressure Bank of America to buy Merrill, or keep financial woes quietWASHINGTON — Federal Reserve Chairman Ben Bernanke faced an unusual political trial Thursday and disputed accusations that he pressured Bank of America to acquire Merrill Lynch in a deal that cost taxpayers $20 billion. Fed chairman Bernanke faces House committee over Bank of America-Merrill Lynch dealWASHINGTON — Federal Reserve Chairman Ben Bernanke likely will face hostile questions from a House committee investigating whether he and other government officials pressured Bank of America Corp. into a “shotgun wedding” with Merrill Lynch that cost taxpayers $20 billion. Bernanke to face hostile questioning by lawmakers on Bank of America, Merrill Lynch dealWASHINGTON — Federal Reserve Chairman Ben Bernanke likely will face hostile questions from a House committee investigating whether he and other government officials pressured Bank of America Corp. into a “shotgun wedding” with Merrill Lynch that cost taxpayers $20 billion. Bernanke urges community development firms to take steps to emerge from crisis strongerWASHINGTON — Federal Reserve Chairman Ben Bernanke on Wednesday urged financial institutions that specialize in community development and banking to the poor to take steps to ensure they emerge from the financial crisis stronger. Bernanke: links between financial markets and economy need to be better understoodWASHINGTON — Federal Reserve Chairman Ben Bernanke says the global financial crisis highlights the need for economists to deepen their understanding of how events on Wall Street can affect the broader economy. Bernanke: Groundwork must be laid now to curb record-high US budget deficitsWASHINGTON — Federal Reserve Chairman Ben Bernanke on Wednesday urged Congress and the administration to cut record-high budget deficits, warning that they could erode investor confidence and endanger the economy’s long-term health. Bernanke: Stress-test results should boost Americans’ confidence in banksWASHINGTON — The government’s unprecedented “stress tests” of the nation’s 19 largest banks should bolster Americans’ battered confidence in U.S. banking system, Federal Reserve Chairman Ben Bernanke said Monday as he defended the rigor of the exams. |
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