Bernanke: Fed ready to act if turmoil hits economy
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JACKSON HOLE, Wyoming  - The Federal Reserve will take the necessary steps to shelter the economy from turmoil in financial markets but will not bail out investors who made mistakes, Fed Chairman Ben Bernanke said on Friday.
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US inflation is under control and is expected to remain tame, Federal Reserve Board governor Ben Bernanke said.
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Stocks rose on Wednesday as Federal Reserve Chairman Ben Bernanke's comments that the economy was poised to grow moderately reassured investors, a day after the Dow's worst slide since the September 11 attacks.
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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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Federal Reserve Chairman Ben S. Bernanke today gave the clearest indication yet that the central bank will move aggressively to cut interest rates to try to prevent a serious economic downturn.
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Federal Reserve Chairman Ben Bernanke is likely to tell Congress this week the central bank is more worried U.S. inflation will flare than it is that housing market turbulence will seriously damage the economy.
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U.S. stocks rose on Wednesday as Federal Reserve Chairman Ben Bernanke's comment that the economy was poised to grow moderately reassured investors a day after the Dow industrials' worst slide since the September 11, 2001, attacks.
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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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Next weekâs meeting of the Fedâs policy makers is likely to focus on how much to cut rates and may mark a defining moment for the Ben S. Bernanke, the Fed chairman.
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San Francisco Federal Reserve  Bank President Janet Yellen said on Monday that financial  turmoil had &quot;appreciably&quot; increased risks facing the U.S.  economy, but other Fed officials said it was unclear if the  economy had taken a turn for the worse.
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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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Federal Reserve Chairman Ben Bernanke said on Wednesday this week's sharp stock market drop had not changed the Fed's view that the U.S. economy was sound, remarks that helped shaken markets regain confidence.
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Federal Reserve Chairman Ben Bernanke told Congress Wednesday that even though the economy is likely to log more subdued growth this year due to the painful housing slump, the threat of an inflation flare-up still remains policymakers' biggest concern.
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U.S. stock futures were little changed on Tuesday before several economic indicators and a speech by Federal Reserve Chairman Ben Bernanke that could give stocks direction after they suffered their worst day in months on Monday.
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FINANCIAL STORM: Federal Reserve Chairman Ben Bernanke vowed to do all that is necessary to protect the national economy from the ill effects of a global credit crunch.
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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 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.