Bernanke Assures Hill on Mortgage Hit
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WASHINGTON -- Federal Reserve Chairman Ben Bernanke told Congress Thursday that the credit crisis has created "significant market stress" and offered fresh assurances that regulators would take steps to curb fallout related to the mortgage mess.
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President Bush acknowledged "some unsettling times" in the country's troubled housing and credit markets, while Federal Reserve Chairman Ben Bernanke offered fresh assurances steps would be taken to curb the fallout.
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Federal Reserve Chairman Ben Bernanke said on Thursday the central bank will act as needed to help the struggling U.S. economy, but said the Fed has to be mindful that growth should pick up later in the year.
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As Ben S. Bernanke, the chairman of the Federal Reserve, meets with policy makers to set interest rates this week, it is clear that he has earned credibility with Wall Street.
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Stocks bounced back on Wednesday as Federal Reserve Chairman Ben Bernanke reassured investors that the economy was set to grow moderately, a day after the Dow industrials' worst slide since the September 11, 2001, attacks.
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Ben S. Bernanke said he expected âmoderateâ growth, but that problems in the housing market had tempered the forecast.
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Federal Reserve Chairman Ben S. Bernanke today gave the clearest indication yet that the central bank will move aggressively to cut interest rates to try to prevent a serious economic downturn.
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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 said in a letter released on Thursday that  interest-rate policy must be forward looking and rely on the  central bank&#039;s view of how the economy is evolving.
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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 offered fresh assurances that regulators would take steps to curb fallout related to the mortgage mess
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Rising incomes should support the  U.S. economy even as the housing market slows and consumers  lose the boost they were getting from home equity, Federal  Reserve Chairman Ben Bernanke said in a letter released on  Wednesday.
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Federal Reserve Chairman Ben Bernanke told Congress today that lawmakers should enact a fiscal stimulus package to help beleaguered consumers as recession fears grow. Economists and politicians are increasingly worried about fallout from the subprime mortgage meltdown.
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Federal Reserve chairman Ben Bernanke said in a letter to a US senator that the central bank would act &quot;as needed&quot; to ease the impact of a credit squeeze on the US economy.
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Ben S. Bernanke told Congress that he expected âmoderateâ growth for the rest of this year, but said problems in the housing market had tempered the forecast.
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Federal Reserve Chairman Ben Bernanke told Congress on Wednesday housing market woes could dampen an expected pickup in U.S. economic growth, but he restated that the central bank's main worry is inflation.
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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.