Bernanke backs fiscal stimulus if quick
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Federal Reserve Chairman Ben Bernanke on Thursday threw his support behind efforts to craft an economic stimulus package and repeated that the U.S. central bank was ready to act aggressively to counter recession risks.
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U.S. stocks rebounded modestly 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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President of the US Federal Reserve Bank of Atlanta Jack Guynn said on Wednesday that the soft patch that the US economy hit recently was likely to be short-lived.
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A slowdown in the US economy could justify a pause in the Federal Reserve&#39;s interest rate increases, Fed Governor Ben Bernanke said on Thursday.
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Federal Reserve Chairman Ben  Bernanke on Thursday threw his support behind efforts to craft  a fiscal stimulus package and repeated that the U.S. central  bank was ready to act aggressively to counter recession risks.
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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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The U.S. economy is poised to expand  at a moderate rate and "uncomfortably high" core inflation  should slow, but inflation risks are "primarily to the upside,"  Federal Reserve Chairman Ben Bernanke said on Tuesday.
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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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Ben Bernanke on Tuesday fueled expectations of a vigorous bounce-back in US growth in the second quarter following very weak first quarter growth.
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Despite remarkably quick passage, the economic aid plan and its cash rebates may come too late to prevent a recession this year. For many experts, however, the $168 billion boost to the lagging economy may mean the difference between a short downturn and something much more serious.
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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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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 offered a mostly upbeat assessment of the economy yesterday, citing improvements in inflation and housing in comments suggesting the Fed will leave interest rates alone for a while.
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Federal Reserve Chairman Ben Bernanke on Wednesday warned lawmakers that as the country's baby boomer generation ages, funding shortfalls to government programs such as Medicare and Social Security will create an unsustainable fiscal situation.
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WASHINGTON - The Federal Reserve raised its target for short-term interest rates Wednesday, comfortable that the economy has passed late spring&#39;s &quot;soft patch.
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Federal Reserve Chairman Ben Bernanke on Thursday threw his support behind efforts to craft a fiscal stimulus package and repeated that the U.S. central bank was ready to act aggressively to counter recession risks.
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Bernanke's testimony bolsters support for quick action from Republicans and Democrats.