Bernanke signals bold Fed action to lift growth
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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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Federal Reserve head Ben Bernanke expects the US economy to rebound, even as the housing slump continues.
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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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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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The Federal Reserve yesterday raised its key interest rate to the highest level in three years, suggesting more increases will follow as the economy gains strength.
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WASHINGTON -- Rising incomes should support the US 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 yesterday.
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The US economy is gaining momentum, bolstered by home building, shipping, and even the beleaguered manufacturing sector, the Federal Reserve said yesterday in a newly upbeat assessment.
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Federal Reserve Chairman Ben Bernanke said on Thursday that the U.S. economic outlook had worsened and said the U.S. central bank stood ready to act aggressively if needed to support growth.
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Stocks leapt on Wednesday after Federal Reserve Chairman Ben Bernanke suggested the economy was growing but not so quickly as to fan inflation.
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THE US Federal Reserve is set to press ahead this week with a further rise in American interest rates, with markets on alert for a signal of the pace and timing of future increases.
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The U.S. growth outlook got a boost  on Monday with the release of stronger-than-expected retail  sales data that helped cement views the Federal Reserve will  raise interest rates again this week.
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Stocks index futures rose on Tuesday, with investors likely to take their cues from a speech by Federal Reserve Chairman Ben Bernanke as speculation about a reduction in interest rates ran high.
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Federal Reserve Chairman Ben Bernanke on Thursday held the door open to more interest rate cuts to help the struggling U.S. economy, but told Congress the central bank expects growth to pick up later in the year.
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Ben S. Bernanke said 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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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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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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Ben S. Bernanke said he favored quick passage of an economic stimulus package in combination with the Fedâs own measures to support economic growth.