Fed Chief Signals Further Rate Cut
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Ben S. Bernanke sent a strong signal that the central bank will lower interest rates again this month as it attempts to stave off a recession.
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WASHINGTON -- Federal Reserve Chairman Ben Bernanke said Tuesday that risks from inflation or a worse-than-expected housing slump could further complicate things for an economy that already is in slowdown mode.
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It would signal that the Fed views a slowdown as a greater threat than inflation.
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Abandoning recent threats to raise interest rates, the European Central Bank hinted Thursday that it would soon follow the Federal Reserveâs lead and cut them.
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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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Federal Reserve Bank of Dallas President Richard Fisher on Monday said the U.S. central bank cut interest rates last week to avert an unacceptable economic slowdown and said it could move again, in either direction.
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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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WASHINGTON -- Individuals and businesses are likely to see their borrowing costs drop further as the Federal Reserve weighs another interest-rate reduction to bolster a sagging economy.
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The Federal Reserve cut U.S.  interest rates by a hefty half-percentage point on Wednesday as  part of an ongoing aggressive effort to halt a sharp slowdown  in an economy hit by a housing slump and a credit crunch.
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WASHINGTON -- Federal Reserve Chairman Ben Bernanke pledged Thursday to slash interest rates yet again to prevent housing and credit problems from plunging the country into a recession.
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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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U.S. Republican presidential  front-runner John McCain said on Sunday that Federal Reserve  Chairman Ben Bernanke should have cut interest rates sooner.
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CHARLESTON, West Virginia  - The struggling economy may need more interest rate cuts to avoid a recession, Richmond Federal Reserve Bank President Jeffrey Lacker said on Tuesday.
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The Federal Reserve is expected to  lower U.S. interest rates on Wednesday as part of an ongoing  aggressive effort to spare the economy from the worst effects  of a deep housing slump and credit crunch.
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The Federal Reserve's  interest rate cuts are appropriate to restore stability in  financial markets and prevent damage to the broader economy,  Minneapolis Fed President Gary Stern said on Tuesday.
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The Federal Reserve cut a key interest rate today, aiming to prevent turbulence in the housing and credit markets from slowing the U.S. economy.
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The Fed chief said today that the central bank âstands ready to take additional actions as neededâ to limit the effect of the financial market disorder on the economy.