The former Fed chairman also says the central bank faces "a tough call" on whether or not it should raise interest rates.» Read More
US private-sector employers unexpectedly added 8,000 jobs in March, a report by a private employment service said, confounding economists' expectations of a fall.
The full text of Federal Reserve Chairman Ben Bernanke's prepared testimony before the Joint Economic Committee of Congress on April 2, 2008:
As Bernanke gets set to testify before Congress Wednesday, the market will be watching his every move to determine whether Tuesday’s rally is sustainable.
Fed Chairman Bernanke will go before Congress Wednesday in his first public testimony since the rescue of Bear Stearns and other Fed efforts to stem the credit crisis.
The full text of a speech on the "Blueprint for Regulatory Reform" given by Treasury Secretary Henry Paulson on March 31, 2008:
Treasury Secretary Henry Paulson announced the biggest overhaul of financial regulation since the Great Depression. But the sweeping plan is already drawing intense criticism.
The Bush administration is proposing the biggest overhaul of financial regulation since the Great Depression. The sweeping plan is already drawing intense criticism -- a debate unlikely to be settled until a new president takes office.
The Treasury Department will propose on Monday that Congress give the Federal Reserve broad new authority to oversee financial markets, which would be the largest financial regulatory overhaul in decades.
The Bush Administration's plan to dramatically overhaul financial regulations -- which will be announced Monday -- is already raising questions as to whether it will give too much power to the Federal Reserve.
The U.S. economy seems to be slipping into recession and the Federal Reserve must cushion the pain and make it as brief as possible, two Fed policymakers said.
The U.S. government is facing growing pressure to lead a bailout of distressed mortgage holders because of worries that a rising tide of foreclosures could swamp the economy.
Orders for big-ticket manufactured goods fell for a second straight month in February, a worse-than-expected performance that provided more evidence of a slumping economy.
Such is the level of disaster-mongering surrounding the latest phase of the credit crisis that you could be forgiven for thinking we'll all be hoarding food and reverting to a barter economy.
I have really learned to like Ben Bernanke. He’s the man. And his interest-rate cuts are vastly more effective than the so-called economic-stimulus rebate plan coming out of Congress and the White House.
Fed Chairman Ben Bernanke’s stock is at a 52-week high on Wall Street --- with the exception perhaps of Bear Stearns, which appears to be selling him short.
A day after the Federal Reserve cut interest rates another three-quarters of a point, CEOs joined Squawk Box to share their outlook on the economy and markets.
Well, not altogether true, of course. Or rather: It´s not so much confidence, but the notable lack thereof. Has Ben Bernanke completely lost his bearings? That's the question of the day ...
Stocks soared Tuesday, led by financials, as the market breathed a huge sigh of relief following better-than-expected earnings from Goldman Sachs and Lehman Brothers.
Today's statement is another in a series of very significant communications from the Fed. At the extreme, it could mean the Fed is done cutting rates, barring any more massive credit-market upheavals.
The size of the Fed’s expected rate cut today may help stimulate a sluggish economy. But it is unlikely to unfreeze the credit markets, especially the mortgage one.