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Ben Bernanke

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  • I have to say I’ve been confused over the last few months. Treasury officials, big lenders like Countrywide, and President Bush keep telling me that everybody is now working together to stop foreclosures, to modify loans, to keep Americans in their homes.

  • Banks Facing More Fallout From the Housing Crisis Tuesday, 4 Mar 2008 | 11:05 AM ET

    Three top government officials--including Fed Chairman Ben Bernanke--signaled that the expanding housing crisis is likely to take an even bigger toll on banks.

  • Stocks Slide After Intel, Citi News Tuesday, 4 Mar 2008 | 10:32 AM ET

    U.S. stock index futures pointed lower Tuesday, with no major data expected and with corporate news adding to investors' gloomy mood.

  • TEXT: Bernanke's Speech Tuesday, 4 Mar 2008 | 9:19 AM ET

    The text of a speech by Federal Reserve Chairman Ben Bernanke on Reducing Preventable Mortgage Foreclosures given on March 4, 2008 in Orlando, Florida.

  • The banking industry, a source of pain for the markets since the credit crunch began, is center stage in today's trading. Citigroup shares this morning are getting whacked after Merrill Lynch slashed earnings estimates and said Citi could take another big writedown.

  • McCain Must Get Behind King Dollar Monday, 3 Mar 2008 | 1:26 PM ET

    If Sen. John McCain wants to run as a candidate of change, and if he’s truly interested in distancing himself from President Bush, he should reverse the declining fortunes of the Bush wartime dollar. America's prestige is on the line. Right now the greenback is in virtual freefall.

  • In a series of exclusive live appearances on CNBC's Squawk Box this morning, Warren Buffett told us that by a "common sense definition", the U.S. economy is already in a recession, even if it hasn't met the technical definition of two consecutive quarters of negative growth.  He restated, however, his view that over the long-run the U.S. economy will do fine and that each generation will live better than the one before it.

  • The combined punch of subprime mortgage defaults and heavy debt remains the biggest risk to the health of the U.S. economy, a panel of business economists said Monday.

  • Chances of Aggressive Fed Cut in March Jump Friday, 29 Feb 2008 | 8:23 AM ET

    The chance of an aggressive 75 basis points cut in the Federal Reserve's benchmark interest rate shot up to 62 percent on Friday, as U.S. equity futures pointed to a lower open and Treasury prices surged.

  • Dow Ends Winning Streak Amid Bank Woes Thursday, 28 Feb 2008 | 4:25 PM ET

    Stocks declined Thursday after Federal Reserve Chairman Ben Bernanke said bank failures are likely as the housing crisis takes its toll, and a pair of economic reports came in weaker than expected.

  • Bernanke's Bank Comment Rattles Stocks Thursday, 28 Feb 2008 | 12:53 PM ET

    Stocks declined Thursday after Federal Reserve Chairman Ben Bernanke said bank failures are likely as the housing crisis takes its toll, and a pair of economic reports came in weaker than expected.

  • California Suburb Vallejo Faces Bankruptcy Thursday, 28 Feb 2008 | 11:37 AM ET

    A Bay Area suburb grappling with declining revenue and ballooning employee expenses may become the first city in the state to declare bankruptcy.

  • Fed Chairman: Some Small US Banks May Go Under Thursday, 28 Feb 2008 | 11:26 AM ET
    Federal Reserve Bank Chairman Ben Bernanke

    Fed Chairman Bernanke said some small U.S. banks might go under during the current housing market problems, but the U.S. bank system overall remained solid.

  • US Distressed Debt Level Highest Since 2003: S&P Thursday, 28 Feb 2008 | 10:58 AM ET

    The portion of U.S. junk bonds trading at distressed levels rose to 16.9 percent in February, up from 11.1 percent in January in a sign that defaults are headed higher, Standard & Poor's said on Wednesday.

  • Stocks Slide After GDP, Jobless Reports Thursday, 28 Feb 2008 | 10:16 AM ET

    Stocks opened lower open Thursday after reports on GDP and jobless claims.

  • Stocks Jump on Fannie, Freddie News Thursday, 28 Feb 2008 | 9:07 AM ET

    Stocks jumped after Federal Reserve Chairman Ben Bernanke's testimony on Capitol Hill Wednesday.

  • Best Rally of the Year Stalls Wednesday, 27 Feb 2008 | 6:29 PM ET

    Bernanke hinted at more rate cuts in his testimony to Congress, the dollar sunk to a new all-time low and Apple jumped higher after hours. Get the day's biggest stories right here.

  • Rally Fizzles, Leaving Stocks Flat Wednesday, 27 Feb 2008 | 4:19 PM ET

    Stocks finished mostly flat Wednesday as investors juggled encouraging news on the regulation of mortage lenders with another round of bleak news on housing and the economy.

  • Stocks Fall Back After Rallying on Housing Wednesday, 27 Feb 2008 | 1:59 PM ET

    Stocks fell back after rallying on renewed optimism about the struggling housing market.

  • Reader Poll: Will Lower Interest Rates Solve The Problem Wednesday, 27 Feb 2008 | 12:52 PM ET

    Federal Reserve Chairman Ben Bernanke said the U.S. central bank will act as needed to ensure beleaguered housing and credit markets do not further undermine an already sluggish economy...