Bernanke seems open to stimulus package
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Faced with a deteriorating economy, Federal Reserve Chairman Ben Bernanke has indicated he is open to congressional and White House efforts to develop a rescue package to avert a recession.
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Federal Reserve Chairman Ben Bernanke on Thursday acknowledged the economy faces increased risks and indicated the U.S. central bank is ready to cut interest rates aggressively to support growth.
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With the U.S. economy picking up steam, the year's fourth straight interest-rate hike looked like a certainty at Wednesday's meeting of the Federal Reserve's Open Market Committee, economists said.
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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 S. Bernanke told Congress yesterday that the markets were "working well" and the outlook for the U.S. economy was upbeat a day after Wall Street suffered its steepest decline in nearly four years.
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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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Ben Bernanke, the man who holds the reins of the economy, likes to listen. Now he's starting to say what's on his mind
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A key element of the stimulus package  aimed at jump-starting the ailing U.S. housing market may have  the unintended consequence of raising mortgage rates, said  analysts studying the plan.
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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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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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Federal Reserve Chairman Ben Bernanke predicted Tuesday the economy will rebound from an anemic performance at the start of the year even if the housing slump continues.
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WASHINGTON -- The Federal Reserve, under first-year Chairman Ben Bernanke, appears close to achieving the tricky maneuver of steering the U.S. economy to a soft landing.
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Fed Chairman Bernanke struck a familiar chord Wednesday but with some concern about subprime problems spilling into the broader economy.
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Federal Reserve Chairman Ben Bernanke told Congress Thursday that the country's economic outlook has deteriorated and signaled that the central bank is ready to keep on lowering a key interest rate Â as needed Â to shore things up.
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Federal Reserve Chairman Ben Bernanke on Wednesday said the U.S. economy appeared sound with inflation easing, as he expressed confidence the current level of interest rates would cut further into price pressures.
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Ben S. Bernanke said that he expects the economy to regain speed after a few months of âsluggishâ growth.
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A key element of the stimulus package aimed at jump-starting the ailing U.S. housing market may have the unintended consequence of raising mortgage rates, said analysts studying the plan.