Federal Reserve Chairman Ben Bernanke denied accusations Thursday that he pressured Bank of America to follow through on its purchase of Merrill Lynch late last year or risk having top management removed.
Stocks were headed for a lower open Thursday as investors reacted to a worse-than-expected report on unemployment and awaited congressional testimony from Federal Reserve Chairman Ben Bernanke.
Data suggest the economic contraction may be slowing, but the economy is hardly out of the woods, Federal Reserve Chairman Ben Bernanke told lawmakers on Wednesday.
Treasury prices rose Wednesday after the Federal Reserve's purchase of government debt and Fed Chairman Ben Bernanke's comments about the national deficit.
Federal Reserve Chairman Ben Bernanke said Tuesday that the U.S. economy is stabilizing and will begin to rebound later this year, but the recovery will be slow and cautious.
Financial regulators must strike a delicate balance between protecting consumers and not choking off credit, Federal Reserve Chairman Ben Bernanke said Friday.
Federal Reserve Chairman Ben Bernanke said Tuesday he sees "tentative signs" that the economy's dramatic decline is easing, but that full recovery won't come until the financial system is stabilized.
Federal Reserve Chairman Ben Bernanke responded to ongoing criticism of the government's efforts to keep alive institutions it has deemed "too big to fail," saying that this is an "enormous problem" that needs to be addressed.
Stocks finished lower Monday, ending a 4-session winning streak, as tech selling countered a bank share-led rally.
Federal Reserve Chairman Ben Bernanke said on Sunday that government officials are laying the groundwork for an economic revival and that a "depression" can be avoided - acknowledging however that a full recovery will take time and that there are still obstacles.
Federal Reserve Chairman Ben Bernanke denied accusations Thursday that he pressured Bank of America to follow through on its purchase of Merrill Lynch late last year or risk having top management removed.
Stocks were headed for a lower open Thursday as investors reacted to a worse-than-expected report on unemployment and awaited congressional testimony from Federal Reserve Chairman Ben Bernanke.
Data suggest the economic contraction may be slowing, but the economy is hardly out of the woods, Federal Reserve Chairman Ben Bernanke told lawmakers on Wednesday.
Treasury prices rose Wednesday after the Federal Reserve's purchase of government debt and Fed Chairman Ben Bernanke's comments about the national deficit.
Federal Reserve Chairman Ben Bernanke said Tuesday that the U.S. economy is stabilizing and will begin to rebound later this year, but the recovery will be slow and cautious.
Financial regulators must strike a delicate balance between protecting consumers and not choking off credit, Federal Reserve Chairman Ben Bernanke said Friday.
Federal Reserve Chairman Ben Bernanke said Tuesday he sees "tentative signs" that the economy's dramatic decline is easing, but that full recovery won't come until the financial system is stabilized.
Federal Reserve Chairman Ben Bernanke responded to ongoing criticism of the government's efforts to keep alive institutions it has deemed "too big to fail," saying that this is an "enormous problem" that needs to be addressed.
Stocks finished lower Monday, ending a 4-session winning streak, as tech selling countered a bank share-led rally.
Federal Reserve Chairman Ben Bernanke said on Sunday that government officials are laying the groundwork for an economic revival and that a "depression" can be avoided - acknowledging however that a full recovery will take time and that there are still obstacles.
Federal Reserve chairman Ben Bernanke said Tuesday that economic recovery hinges on stabilizing the financial system, and proposed new policies aimed at absorbing financial shocks in the future.
Uncertainty is the bane of markets. And the apparently piecemeal nature of the U.S. government's response to the financial crisis has eroded confidence.
Stocks rallied Tuesday morning after Citigroup said it was profitable in the first two months of the year, and Federal Reserve Chairman Ben Bernanke spoke of the need for an overhaul of the financial system.
The exit ramp that Ben Bernanke was looking for Saturday had only a little to do with getting the U.S. economy back on the road to recovery.
President Obama's economic A-team went to Capitol Hill on Tuesday to address questions about the administration's ambitious budget request.
Federal Reserve Chairman Ben Bernanke said Wednesday that the embattled housing market has crippled the economy, and at-risk homeowners need a bailout - even if they knew they couldn't afford their home in the first place.
Federal Reserve Chairman Ben Bernanke said he's hoping the recession could end later this year, but he cautioned that a full economic recovery will take "more than two or three years."
The dollar was mixed against European currencies Tuesday, while remaining strong against the yen, as investors gear up for key economic data and remarks from Federal Reserve chairman Ben Bernanke and President Obama.
The economy stinks, and the Federal Reserve wants to tell you all about it.
Federal Reserve chairman Ben Bernanke was questioned by lawmakers from both parties Tuesday about whether the Fed should continue to have as much broad powers over the economy.
Federal Reserve Chairman Ben Bernanke said Tuesday that President-elect Barack Obama's proposed fiscal stimulus package could help the economy, but he added that additional bailouts of financial institutions may also be needed to bring about a sustained economic recovery.
The price of oil rose Tuesday, ending five days of declines, after Saudi Arabia signaled additional production cuts and Fed chairman Ben Bernanke said stimulus plans could aid an economic recovery.
Lower prices are probably at the bottom of the list of most Americans' current economic worries. But for a growing number of economists, it's their biggest fear.
Federal Reserve Chairman Ben Bernanke may eventually be hailed as an economic Santa Claus if the Fed's dramatic rate cut helps bring an end to this recession.
Will the 10th time be the charm for Ben Bernanke and the Federal Reserve?
Federal Reserve Chairman Ben Bernanke said Thursday that the government must do more to address foreclosures.
Federal Reserve Chairman Ben Bernanke said on Monday that the nation's economic weakness will persist for some time, even if the government's efforts to boost lending help restore the credit markets to normal.
Federal Reserve Chairman Ben Bernanke said Friday that the federal government will need to continue to play a role in the future of the mortgage financing market.
The Federal Reserve's latest move raises fewer cheers, more questions and new risks
The drumbeat for lawmakers to do more to boost the economy is growing louder. And the chances have increased that Congress could pass a second stimulus package during its lameduck session following the presidential election.
Federal Reserve Chairman Ben Bernanke testified Monday that Congress should consider passing a new stimulus package to try to jump start the economy.
Stocks rallied Monday morning as investors welcomed signs that the lending market is improving and comments from Federal Reserve chief Ben Bernanke that the Congress should consider another stimulus plan.
Federal Reserve Chairman Ben Bernanke warned in a speech Wednesday that the U.S. economy will take some time to recover - even if the credit markets return to normal soon.
On Nov. 21, 2002, just two months after leaving Princeton University's economics department for a spot on the Federal Reserve Board, Ben Bernanke gave a speech in Washington on the topic of deflation. At the time, stock prices had been falling for almost two years straight, inflation was just 2%, and there was widespread worry that it would drop into negative territory. The specter of Japan, beset for a decade by falling prices and economic stagnation, was on the minds of many. In his speech, Bernanke even brought up a far worse deflationary spiral - the Great Depression.
Federal Reserve Chairman Ben Bernanke predicted that the global financial markets crisis is likely to restrain the economy well into next year and signaled that the Fed may be getting ready to cut interest rates.
Federal Reserve Chairman Ben Bernanke was back on Capitol Hill Wednesday, warning that the current financial crisis is the most significant in more than 60 years, and that even tougher times are ahead without quick Congressional approval of a controversial Wall Street bailout.
The sound of air hissing out of the commodities bubble is music to Ben Bernanke's ears.
The Bush administration urgently pressed Congress in public and private Tuesday to move quickly on a $700 billion bailout of the financial industry
Helping Main Street or sticking it to Main Street?
Release Date: September 14, 2008 For immediate release
Bonds sank Friday as the falling dollar, struggling stocks and rising oil of the past few sessions reversed gears.
Federal Reserve Chairman Ben Bernanke said Friday the financial crisis that has pounded the country poses a major challenge to policymakers as they try to restore stability
Federal Reserve Chairman Ben Bernanke said Friday that the problems in the nation's financial markets persist and still threaten the economy.
The market's up one day and down the next. Oil rises and oil falls. The dollar strengthens and then it weakens.
Stock futures rose early Friday, ahead of a speech from Federal Reserve Chairman Ben Bernanke.
Oil prices plummeted Wednesday, bringing the two-day selloff to $10.58 a barrel, on reports indicating that demand for oil and gas may slacken in the future.
Federal Reserve Chairman Ben Bernanke testifies for a second day before Congress amid a backdrop of fading confidence in the U.S. economy
Federal Reserve Chairman Ben Bernanke told Congress Wednesday that troubled mortgage giants Fannie Mae and Freddie Mac are in "no danger of failing"
Record gas and higher food prices drove inflation to the biggest annual jump since 1991 and fanned fears about growing pressures on consumers.
U.S. stock futures were mixed Wednesday, ahead of a slew of economic reports and Federal Reserve Chairman Ben Bernanke's second day of testimony before Congress.
The housing finance crisis and spiraling energy costs will remain a drag on the U.S. economy for the rest of the year, Federal Reserve Chairman Ben Bernanke told lawmakers in a gloomy presentation about the economic outlook.
This is one of those days you probably wished you stayed in bed.
The dollar sank to a new all-time low against the euro Tuesday as concerns about the health of the U.S. banking sector and economy deepened. But the dollar bounced back slightly after Federal Reserve Chairman Ben Bernanke acknowledged that the dollar's weakness is a concern.
Short-term bond prices rallied Tuesday, but long-term bonds fell after Federal Reserve Chairman Ben Bernanke gave a grim economic outlook.
Federal Reserve Chairman Ben Bernanke told Congress Tuesday the fragile economy is facing "numerous difficulties" despite the Fed's aggressive interest rate reductions
Stocks were set for a slight recovery Thursday, ahead of reports on June retail sales and testimony from Federal Reserve Chairman Ben Bernanke.
The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practice
The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs
Wholesale prices barreled ahead while housing activity faltered, but Fed chair Ben Bernanke has made it clear he is not inclined to cut interest rates further
Note to investors: Ben Bernanke isn't your best friend anymore.
Stocks were mixed Tuesday as investors welcomed a retreat in oil prices, but remained concerned about the outlook for inflation following cautious comments from the Federal Reserve Chairman.
Stocks looked set to tumble at Tuesday's open after Federal Reserve chief Ben Bernanke fanned inflation concerns.
Ben Bernanke better hope the market doesn't call his bluff.
Federal Reserve Chairman Ben Bernanke has moved inflation up on his list of worries, suggesting more pointedly than ever that the time for cutting interest rates is over in view of soaring oil and commodity prices
Stocks tumbled Tuesday, as investors eyed reports that Lehman Brothers may need to raise more capital amid the credit market fallout and Federal Reserve Chairman Ben Bernanke's hints that the central bank will stop cutting interest rates.
Federal Reserve Chairman Ben Bernanke painted a gloomy picture of the economy on Tuesday but hinted that the central bank was prepared to hold steady on interest rate cuts.
Federal Reserve chairman Ben Bernanke all but closed the door on the chances of any more rate cuts during the next few months.
For a guy who supposedly has lost his credibility, Fed chief Ben Bernanke has been surprisingly effective in soothing stressed-out financial markets - maybe a little too effective.
Commercial banks and other financial institutions need to beef up their ability to detect and protect themselves against risks like the credit and mortgage debacles
Turmoil in financial markets has eased somewhat, but the situation is still "far from normal," Federal Reserve Chairman Ben Bernanke said Tuesday
Stock futures were up Tuesday after rebounding from much lower levels from earlier in the morning. Investors began to cheer solid results from retail giant Wal-Mart Stores, an better-than-expected April retail report, and comments from Fed chief Ben Bernanke that the Fed's measures have boosted the economy somewhat.
The wave of foreclosures sweeping the nation is driven in part by a nearly unprecedented decline in home prices and require a concerted government and private-sector response, Ben Bernanke, chairman of the Federal Reserve, said Monday.
A rising tide of late mortgage payments and home foreclosures poses considerable dangers to the national economy, Federal Reserve Chairman Ben Bernanke warned anew as he urged Congress to take additional steps to alleviate the problems
The market is eager to see Ben Bernanke heading for the sidelines. But with the U.S. economy softening, he may not stay there for long.
The soaring price of crude oil isn't good for most people, but it could spell opportunity for Ben Bernanke.
Despite overwhelming signs that the economy is now in a recession, some investors are increasingly pondering another 'R' word: Recovery.
Despite overwhelming signs that the economy has moved deep into recession territory, some investors are increasingly pondering another 'R' word of late: Recovery.
Employers buffeted by talk of recession slashed 80,000 jobs in March, the most in five years and the third straight month of losses
Stocks were poised for a slightly lower open Thursday, but trading could be volatile as investors wait for more comments from Federal Reserve Chairman Ben Bernanke, news of a possible Senate deal to provide help to homeowners facing problems with their mortgages and Friday's jobs report.
Stocks teetered then fell after Federal Reserve Chairman Ben Bernanke said a U.S. recession was a possibility in a Congressional hearing Wednesday.
Federal Reserve Chairman Ben Bernanke, in his most pessimistic and blunt assessment to date, said Wednesday that a "recession is possible" for the U.S. economy.
George Carlin famously joked about seven dirty words you're not supposed to say. Federal Reserve chairman Ben Bernanke has apparently added a word to that list: recession.
Federal Reserve chairman Ben Bernanke outlined the central bank's proposal Friday to stem the subprime meltdown.
The government is showing considerable ingenuity in devising new tactics to fight the credit crunch. But some observers fear that the innovations risk making matters worse - by fueling inflation and insulating executives who made reckless bets from the full wrath of the market.
Federal Reserve Chairman Ben Bernanke called Tuesday for additional action to prevent more distressed homeowners from falling into foreclosure
Mortgage delinquencies and foreclosures will continue to rise for a while longer and further declines in house prices are likely, Federal Reserve Chairman Ben Bernanke said Tuesday.
Stock futures fell early Tuesday after chipmaker Intel cut its profit forecast and as investors awaited the latest on the battered U.S. economy from Federal Reserve Chairman Ben Bernanke.
Stocks slumped Thursday after comments from Fed chair Ben Bernanke on the banking sector and weak reports on economic growth and the jobs market revived worries about a recession.
Stocks slumped Thursday after comments from Fed chair Ben Bernanke on the banking sector and weak reports on economic growth and the jobs market revived worries about a recession.
Federal Reserve Chairman Ben Bernanke told Congress Thursday that the nation isn't "anywhere near" the dangerous stagflation situation of the 1970s
For Federal Reserve Chairman Ben Bernanke, running the central bank has become an increasingly challenging high-wire balancing act.
The Nasdaq rose and the broader market was mixed Wednesday as investors welcomed Fed Chairman Ben Bernanke's comments that the central bank is likely to keep cutting rates, but remained wary about the economic outlook.
After setting a new intraday high above $102 a barrel, oil prices turned lower Wednesday following a big rise in inventories and concerns over the nation's economic health.
Wall Street retreated at the start of trading Wednesday as high gas prices and a weak dollar offered a backdrop to Federal Reserve Chairman Ben Bernanke's scheduled Congressional testimony.
It's no rest for the weary, or at least for Federal Reserve Chairman Ben Bernanke.
Stocks slipped Friday but managed to cut losses by the close, after surprisingly weak surveys on manufacturing and consumer sentiment revived worries about the threat of a recession.
Stocks slipped Friday, but managed to trim losses by the close, after surprisingly weak surveys on manufacturing and consumer sentiment revived worries about the threat of a recession.
Stocks dipped Friday morning after surprisingly weak surveys on manufacturing and consumer sentiment revived worries about the threat of a recession.
Investors will apparently be on recession watch again Friday as they await a new set of readings on the economy before making a move on the day ahead of a long-holiday weekend.
Stocks tumbled Thursday as investors reacted to Federal Reserve Chairman Ben Bernanke's Congressional testimony that economic conditions are likely to get worse before they get better.
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