Bernanke faces grilling on fiscal stimulus stance
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Ben Bernanke has tried hard not to follow his predecessor Alan Greenspan into the political arena by commenting on fiscal policy, but the Federal Reserve chief will find it difficult to stay above the fray this week.
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The longer U.S. policy-makers delay in putting Social Security and Medicare on a sound fiscal footing, the greater the burden on future generations, Federal Reserve Chairman Ben Bernanke said on Wednesday.
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Mr. Greenspan, chairman of the Federal Reserve, is scheduled to testify before the House Budget Committee on Wednesday on two sensitive topics: the economy and the federal budget deficit.
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Federal Reserve Chairman Ben  Bernanke did not discuss the economy or the outlook for  inflation or interest rates on Friday in brief introductory  remarks at a conference on monetary policy.
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Federal Reserve Chairman Ben Bernanke told Congress today that lawmakers should enact a fiscal stimulus package to help beleaguered consumers as recession fears grow. Economists and politicians are increasingly worried about fallout from the subprime mortgage meltdown.
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Bernanke signals that recession--not inflation--worries him for now. Open the floodgates.
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Federal Reserve Chairmen Ben  Bernanke will meet on Monday with House of Representatives  Speaker Nancy Pelosi to discuss how they can work together to  boost the U.S. economy, a spokesman for the California Democrat  said.
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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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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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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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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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Ben S. Bernanke, chairman of the Federal Reserve, told members of Congress he would back tax cuts or spending measures, so long as they are quick and temporary.
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Federal Reserve Chairman Ben  Bernanke on Wednesday warned lawmakers that as the country's  baby boomer generation ages, funding shortfalls to government  programs such as Medicare and Social Security will create an  unsustainable fiscal situation.
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U.S. Federal Reserve officials  approach a key meeting next week worried both about not raising  interest rates enough to avert inflation and doing more than is  needed at the expense of economic growth.
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The Federal Reserve is considering  several steps to make its deliberations more transparent, but  are likely to delay a decision on one of Chairman Ben  Bernanke's goals: an explicit inflation target, the Wall Street  Journal reported on Thursday.
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WASHINGTON -- Unless Social Security and Medicare are revamped, the massive burden from retiring baby boomers will place major strains on the nation's budget and the economy, Federal Reserve Chairman Ben Bernanke said Wednesday.
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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.