Bernanke: Fed Acting on Abusive Loans
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WASHINGTON -- Federal Reserve Chairman Ben Bernanke offered lawmakers fresh assurances on Thursday that regulators are taking steps to better protect would-be homeowners from abusive mortgage practices.
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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 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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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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The Federal Reserve would raise interest rates if inflation moved higher, the Fedâs chairman, Ben S. Bernanke, said on Thursday.
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The Federal Reserve on Tuesday proposed a much stricter set of rules for mortgage lenders as part of the central bank's effort to avert abusive lending.
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U.S. Federal Reserve Chairman Ben Bernanke said on Thursday that subprime mortgage losses could hit $100 billion and threaten consumer spending, but he sought to reassure lawmakers that the central bank was working quickly to strengthen lending regulations.
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Changes in financial and credit conditions can amplify cyclical swings in the economy and the effect of monetary policy, Federal Reserve Chairman Ben Bernanke said on Friday.
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WASHINGTON -- Federal Reserve Chairman Ben Bernanke told Congress Thursday the credit crisis has created "significant market stress" and offered fresh assurances that regulators would take steps to curb fallout related to the mortgage mess.
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Towering losses at Merrill Lynch   on Thursday stirred credit crisis fears before a key testimony  by U.S. central bank chief Ben Bernanke.
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Ben S. Bernanke said the Federal Reserve was âprepared to act as neededâ to prevent market woes from spreading while the Dow closed up nearly 250 points as investors went bargain-hunting.
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Fed moves don't always mean lower rates for borrowers.
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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 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 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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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 on Tuesday that he had made a mistake by talking  with a television reporter who then repeated his remarks, an  incident that roiled financial markets and heaped criticism on  the Fed chief&#039;s head.