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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The U.S. current account trade gap  widened slightly to a record $164.71 billion in the third  quarter, data showed on Thursday, but U.S. dependence on  overseas capital was not as great as feared, fueling a big  dollar rally.
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WASHINGTON, Feb. 6  â Bolstering education and training, rather than erecting trade barriers, would help narrow the economic gap between low- and high-income workers, the Federal Reserve chairman, Ben S. Bernanke, said Tuesday.
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BASEL, Switzerland -- Central bankers, joined by commercial counterparts and financial regulators from around the globe, yesterday discussed ways to ensure smooth economic growth amid worries over widening US deficits.
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DAVOS, Switzerland  - There is no end in sight to fallout from the credit squeeze that may trigger a big slowdown in U.S. growth and chill other economies too, a top central banker said on Friday.
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Ben S. Bernanke signaled that the Federal Reserve was not inclined to lower interest rates any time soon.
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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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The U.S. current account gap widened again in the second quarter, growing to a record &#36;166.18 billion, the Commerce Department said on Tuesday.
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Federal Reserve Chairman Ben Bernanke told Congress Wednesday that the economy should grow modestly this year despite lingering pain from a housing slump and he stuck to the Fed's forecast that inflation will continue to ebb.
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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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Federal Reserve Chairman Ben Bernanke told Congress Wednesday that even though the economy is likely to log more subdued growth this year due to the painful housing slump, the threat of an inflation flare-up still remains policymakers' biggest concern.
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The U.S. current account deficit grew to a record &#36;164.71 billion in the third quarter, less than had been forecast, the Commerce Department said on Thursday.
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Ben Bernanke, the chairman of the Federal Reserve, warns of the continuing pressures of inflation on the world's largest economy.
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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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The dollar recouped losses after  Federal Reserve Chairman Alan Greenspan said the U.S. current  account gap cannot widen forever.
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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 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.