Bernanke to speak as credit fears mount
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Towering losses at Merrill Lynch  on Thursday stirred credit crisis fears before a key testimony by U.S. central bank chief Ben Bernanke.
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Federal Reserve Chairman Ben Bernanke looks set to tell Congress this week that the U.S. economy is sound, but that the central bank is still concerned that inflation, while moderating, may not fully come to heel.
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Ben Bernanke, the chairman of the Federal Reserve, warns of the continuing pressures of inflation on the world's largest economy.
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Federal Reserve Chairman Ben S. Bernanke yesterday signaled that the central bank will cut interest rates aggressively to try to prevent a serious economic downturn, using unusually direct and forceful language.
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WASHINGTON -- Federal Reserve Chairman Ben Bernanke told Congress Thursday that the credit crisis has created "significant market stress" and offered fresh assurances that regulators would take steps to curb fallout related to the mortgage mess.
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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 Bernanke is scheduled to testify before the House of Representatives' Financial Services Committee on September 20, a spokesman for the panel said on Thursday.
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Faced with a deteriorating economy, 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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Federal Reserve Chairman Ben  Bernanke on Thursday said losses associated with subprime  mortgages could reach $100 billion.
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Stock index futures fell on Tuesday as investors turned cautious before a speech by Federal Reserve Chairman Ben Bernanke that could provide clues on the outlook for interest rates.
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Fighting to keep the U.S. economy afloat, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson will give Congress fresh insights into economic and financial conditions greatly strained by the one-two punch of the housing and credit crises.
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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 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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Ben S. Bernanke and his colleagues at the Federal Reserve will decide today whether to cut interest rates for the second time in a week -- and find themselves in the difficult position of having either to risk cutting rates too much or risk disappointing financial markets and spurring more panic.
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Federal Reserve chairman Ben Bernanke said in a letter to a US senator that the central bank would act &quot;as needed&quot; to ease the impact of a credit squeeze on the US economy.
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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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JACKSON HOLE, Wyoming  - The Federal Reserve is set to act as needed to limit impacts of financial turmoil on the economy but will not bail out investors who made poor decisions, Fed Chairman Ben Bernanke said on Friday.