Bernanke Says Fed Is Prepared to Act
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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.
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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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Major currencies were little changed as market players awaited a speech by Federal Reserve chairman Ben Bernanke tomorrow, key US employment data on Friday and a euro zone interest rate decision on Thursday.
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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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Ben S. Bernanke said the Federal Reserve was âprepared to act as neededâ but suggested developing a wider range of mortgages for borrowers hit by the housing slump and credit crunch.
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The Federal Reserve must stand ready to raise interest rates for fear the economy is growing faster than realized and could be placed at risk if inflation surges, Fed Chairman Ben Bernanke said on Thursday.
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U.S. stock futures were little changed on Tuesday before several economic indicators and a speech by Federal Reserve Chairman Ben Bernanke that could give stocks direction after they suffered their worst day in months on Monday.
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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 Bernanke looks set to tell Congress this week that the U.S. economy is sound, but that the central bank is still concerned that inflation, while moderating, may not fully come to heel.
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Federal Reserve Chairman Ben  Bernanke will testify on July 19 and 20 on the Fed&#039;s semiannual  monetary policy report, congressional committees said on  Monday.
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Federal Reserve Chairman Ben Bernanke  said on Friday that being predictable was the cornerstone of  running a successful central bank policy.
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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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Federal Reserve Chairman Ben Bernanke is scheduled to testify before the House of Representatives' Financial Services Committee on September 20, a spokesman for the panel said on Thursday.
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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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Federal Reserve chairman Ben Bernanke said in a speech Thursday that the central bank is prepared to continue lowering interest rates in order to help keep the economy on track.
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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 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.