Bernanke: Fed ready to act aggressively
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Federal Reserve Chairman Ben Bernanke said on Thursday the U.S. economy's prospects were worsening because of a weak housing sector and credit market turmoil and said the central bank was ready to act aggressively to bolster it.
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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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JACKSON, Wyo., Aug. 31 -- Federal Reserve Chairman Ben S. Bernanke said Friday that the central bank was willing to take action to ease damage to the economy from troubled financial markets, and President Bush introduced a plan to help people who are at risk of losing their homes to foreclosure.
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Wall Street stocks were set for a better start on Tuesday, and investors were waiting to hear the latest thoughts from Ben Bernanke, the Federal Reserve chairman.
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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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Ben S. Bernanke signaled that the Federal Reserve was not inclined to lower interest rates any time soon.
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Federal Reserve chairman Ben Bernanke described the recent housing downturn as "sharp" and added "that further declines in homebuilding are likely" in a highly anticipated speech Friday morning.
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Federal Reserve Chairman Ben Bernanke vowed Friday to do all that is necessary to protect the national economy from the ill effects of a global credit crunch &#151; but not to bail out investors and lenders "from the consequences of their financial decisions."
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Federal Reserve Chairman Ben Bernanke told Congress Wednesday that even though the economy is likely to log more subdued growth this year due to the painful housing slump, the threat of an inflation flare-up still remains policymakers' biggest concern.
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Wall Street stocks rallied strongly on Wednesday after Ben Bernanke offered reassurance that the Federal Reserve was &quot;closely monitoring developments&quot; in financial markets and was &quot;prepared to act&quot; if required.
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Federal Reserve Chairman Ben Bernanke on Thursday threw his weight behind proposals for near-term actions to stimulate economic growth to ward off an election-year recession -- but warned such a plan could do more harm than good unless put together quickly.
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The chairman, Ben Bernanke, told Congress today that the economy will grow gradually but warned of risks to the outlook and the need to guard against inflation.
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Investors banking on more  interest-rate cuts may get some clues about what comes next  from Federal Reserve Chairman Ben Bernanke, who testifies  before the Joint Economic Committee of Congress on Thursday.
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The U.S. economy is poised to expand at a moderate rate and "uncomfortably high" core inflation should ease, but price risks are tilted mostly to the upside, Federal Reserve Chairman Ben Bernanke said on Tuesday.
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Next weekâs meeting of the Fedâs policy makers is likely to focus on how much to cut rates and may mark a defining moment for the Ben S. Bernanke, the Fed chairman.
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The economy is set to grow at a  sluggish pace in coming months but there are risks that  elevated levels of inflation excluding food and energy may not  recede, Federal Reserve Chairman Ben Bernanke said on Tuesday.
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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.