Bernanke: current account gap cannot persist
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Federal Reserve Chairman Ben Bernanke on Tuesday told a European audience that huge external debts were not unduly burdening the U.S. economy now, but that over time the U.S. current account gap is unsustainable.
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Chinese policy-makers risk losing control of their economy unless they let the yuan rise in value and strengthen their financial system, U.S. Federal Reserve Chairman Ben Bernanke said on Friday.
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The Federal Reserve and the European Central Bank painted contrasting pictures of the US and European economies on Thursday, with Ben Bernanke, Fed chairman, depicting a US economy that could continue to grow rapidly without generating inflation, while the ECB hinted that further interest rate rises were needed to stem inflationary pressure in the eurozone.
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Federal Reserve Chairman Ben Bernanke's testimony before the House Budget Committee on the long-term economic outlook Feb. 28, 2007.
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Federal Reserve Chairman Ben  Bernanke said in a letter obtained on Friday that chances of an  economic crisis in China were low, but that the possibility of  a "hard landing" for the economy could not be dismissed.
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Ben Bernanke has tried hard not to  follow his predecessor Alan Greenspan into the political arena  by commenting on fiscal policy, but the Federal Reserve chief  will find it difficult to stay above the fray this week.
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BASEL, Switzerland  - Central bankers are in a holding pattern awaiting clear signs of how the last month of market upheaval has affected the economy, policymakers said on Sunday.
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Bolstering education and training -- rather than erecting trade barriers -- would help narrow the economic gap between low- and high-income workers, Federal Reserve chairman Ben Bernanke said yesterday.
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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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Ben S. Bernanke said a global âsavings glutâ has helped keep interest rates low, but he expressed concern over trade imbalances between emerging and industrial nations.
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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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US Federal Reserve chairman Alan Greenspan said the United States' huge current account deficit cannot be indefinitely financed by foreign countries and investors.
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Wall Street sent Washington a message: the recession that Ben S. Bernanke said can be averted is already here.
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The widening US current account deficit will require a decline in the value of the dollar, a top Federal Reserve official said on Thursday.
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Despite Bernanke's discount rate cut and soothing words, the stock market has not yet outrun the claw of the bear.
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The pound remained steady against the euro and rose marginally against the dollar as US Federal Reserve chairman Ben Bernanke told the US Senate that there are significant risks that the economic slowdown could deepen.
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Former Federal Reserve Chairman Alan  Greenspan said on Tuesday that China&#39;s current rate of growth  could not continue and added that a boom in global financial  market liquidity was near a turning point.