Bernanke: Housing drag to ease, inflation a worry
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Federal Reserve Chairman Ben Bernanke told Congress on Wednesday the U.S. economy will grow gradually this year and gain steam in 2008, but warned there are many risks to the outlook and stressed the U.S. central bank is on guard against inflation.
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Federal Reserve Chairman Ben  Bernanke said on Wednesday a sharp slide in stock markets this  week has not changed the Fed's outlook for moderate U.S.  growth.
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Federal Reserve Chairman Ben Bernanke said on Wednesday a sharp slide in stock markets this week has not changed the Fed's outlook for moderate U.S. growth.
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Federal Reserve Chairman Ben  Bernanke expressed confidence on Wednesday in the health of the  U.S. economy despite a housing slowdown, but warned of risks to  the current generally benign outlook for inflation.
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The Fed is tightening, but long-term rates aren't keeping up. Some worry that economic growth will slow.
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Federal Reserve Chairman Ben  Bernanke said on Thursday that the U.S. economic outlook had  worsened, and more interest rate cuts may be needed.
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WASHINGTON -- Federal Reserve policymakers weigh a broad range of economic scenarios to determine the right moves on interest rates during times of uncertainty, Fed Chairman Ben Bernanke said Friday.
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Federal Reserve chairman Ben S. Bernanke said the US economy will pick up in the coming year and emphasized that inflation remains his greatest concern.
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Federal Reserve Chairman Ben Bernanke on Thursday held the door open to more interest rate cuts to help the struggling U.S. economy, but told Congress the central bank expects growth to pick up later in the year.
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WASHINGTON -- Concerns about inflation trumped worries about the slumping housing market last month in the minds of Federal Reserve officials who voted to hold interest rates steady.
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Federal Reserve Chairman Ben Bernanke looks set to tell Congress this week that the U.S. economy is sound, but that the central bank is still concerned that inflation, while moderating, may not fully come to heel.
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Winter is just starting in South Africa, and a chill wind blew all the way to Wall Street from Cape Town, where Federal Reserve Chairman Ben S. Bernanke gave a speech Tuesday warning that inflation was still a risk.
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Federal Reserve Chairman Ben Bernanke told Congress Wednesday that the economy should grow modestly this year despite lingering pain from a housing slump and he stuck to the Fed's forecast that inflation will continue to ebb.
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WASHINGTON - The message from Ben Bernanke and his Federal Reserve colleagues is clear: The housing slump will drag on well into next year as credit problems linger. What's not so apparent is how they'll deal with the crisis, although another interest rate cut could come this week.
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President Bush and Federal Reserve chairman Ben S. Bernanke yesterday took small, but symbolic steps aimed at easing the spreading housing and foreclosure crisis, and calming jittery financial markets.
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Federal Reserve Chairman Ben Bernanke on Thursday said the U.S. central bank was ready to act aggressively to counter a deep housing slump and credit market strains that were putting economic growth at risk.
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Federal Reserve Chairman Ben Bernanke is likely to tell Congress this week the central bank is more worried U.S. inflation will flare than it is that housing market turbulence will seriously damage the economy.