Fed Chief Signals Further Rate Cut
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Ben S. Bernanke sent a strong signal that the central bank will lower interest rates again this month as it attempts to stave off a recession.
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The Federal Reserve is expected to lower interest rates on Wednesday as part of an ongoing aggressive effort to spare the economy from the worst effects of a deep housing slump and credit crunch.
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Further interest rate increases by the Federal Reserve will be made at a &quot;measured&quot; pace, Minneapolis Fed President Gary Stern said on Friday.
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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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Individuals and businesses are likely to see their borrowing costs drop further as the Federal Reserve weighs another interest-rate reduction to bolster a sagging economy.
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Federal Reserve Bank of Dallas President Richard Fisher on Monday said the U.S. central bank cut interest rates last week to avert an unacceptable economic slowdown and said it could move again, in either direction.
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It was another dismal week for the stock market, despite a short-lived rally on Thursday after Federal Reserve Chairman Ben Bernanke  hinted of further rate cuts.
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WASHINGTON -- Federal Reserve Chairman Ben Bernanke pledged Thursday to slash interest rates yet again to prevent housing and credit problems from plunging the country into a recession.
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It was another dismal week for the stock market, despite a short-lived rally on Thursday after Federal Reserve Chairman Ben Bernanke hinted of further rate cuts.
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Former Federal Reserve Chairman Alan Greenspan said his successors at the U.S. central bank should be cautious about cutting interest rates because of inflation risks, and he forecast home prices will drop further, according to interviews published on Sunday.
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The Federal Reserve can slow down the pace of interest rate rises if the economy grows less rapidly than it expects, Philadelphia Fed President Anthony Santomero said on Friday.
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Business & money: Fed chair says downturn will worsen before it improves and pledges action over sub-prime mortgage abuse.
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Federal Reserve Chairman Ben Bernanke said on Thursday that the U.S. economic outlook had worsened, and more interest rate cuts may be needed.
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The US Federal Reserve chairman warns of the continuing pressures of inflation on the economy.
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The Fed chief said today 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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WASHINGTON -- The Federal Reserve, wanting to keep inflation at bay, is expected to boost short-term interest rates for a third time this year today, a move that would come in the final stretch of the presidential campaign.
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The Federal Reserve may be done raising interest rates, having probably increased  them enough already to cause inflation to fall gradually, an influential central bank policymaker said yesterday.