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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Federal Reserve Chairman Ben Bernanke on Thursday said the U.S. central bank was ready to act aggressively to counter a deep housing slump and credit market strains that were putting economic growth at risk.
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Federal Reserve Chairman Ben Bernanke on Thursday threw his weight behind proposals for near-term actions to stimulate economic growth to ward off an election-year recession -- but warned such a plan could do more harm than good unless put together quickly.
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The chairman of the Federal Reserve told members of Congress he would back tax cuts or spending measures, so long as they are temporary.
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The U.S. economy is poised to expand  at a moderate rate and "uncomfortably high" core inflation  should ease, but price risks are tilted mostly to the upside,  Federal Reserve Chairman Ben Bernanke said on Tuesday.
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Ben S. Bernanke said that he was ready to slash interest rates yet again to prevent housing and credit problems from plunging the country into a recession.
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Federal Reserve chief Ben S. Bernanke told lawmakers today it is "critically important" that any economic stimulus package take effect quickly if it is to help ward off recession, and the White House announced that President Bush would make a speech Friday laying out his criteria for such a program.
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A consensus that the struggling U.S. economy needs rescue emerged on Thursday as the powerful Federal Reserve chairman backed the idea and President George W. Bush urged a quick and temporary fiscal package.
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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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Federal Reserve credibility for keeping inflation low has helped cushion the economy from the shock of record oil prices, Fed Governor Ben Bernanke said on Friday.
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Federal Reserve Chairman Ben Bernanke warned Congress on Thursday that increasing the size of loans mortgage companies Fannie Mae and Freddie Mac can buy could be problematic and would help only if done swiftly.
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Federal Reserve chairman Ben S. Bernanke is suggesting that policy makers look for ways to encourage a wider range of mortgages geared for low-income and other borrowers who have been hard hit by the housing slump and credit crunch.
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Federal Reserve Chairman Ben  Bernanke said on Wednesday a sharp slide in stock markets this  week has not changed the Fed's outlook for moderate U.S.  growth.
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WASHINGTON -- 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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Federal Reserve Chairman Ben Bernanke on Wednesday said the U.S. economy appeared sound with inflation easing, as he expressed confidence the current level of interest rates would cut further into price pressures.
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Federal Reserve Chairman Ben Bernanke offered a mostly upbeat assessment of the economy Wednesday, 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 will tell lawmakers Thursday morning that while he opposes raising the limits on the size of loans Fannie Mae and Freddie Mac may buy, if they're going to do it anyway they should consider the risks and make the increase temporary ... and snappy.