The Fed should "explicitly" say it will keep rates near zero until the economy is within a year of reaching Fed goals, a policymaker said.» Read More
Ben Bernanke threw a curveball in his midterm report to Congress this week. The Fed view of the economy has been downgraded since it last reported in February. Although the official Fed forecast for 2010-11 is still 3 to 4 percent real growth, Bernanke sounded particularly gloomy when he characterized the economy as “unusually uncertain.”
Federal Reserve chairman Ben Bernanke returned to Capitol Hill on Thursday, repeating yesterday's testimony before the House members. Randy Bateman, portfolio manager at Huntington Situs Trust Fund discussed his insights on Bernanke's testimony and the Fed’s outlook.
Ben Bernanke's two-day stint in front of Congress ended with the Fed chairman doing something few expected him to do: Nothing.
The Chairman formally known as everybody's favorite Uncle Ben stepped before Congress and said the economic outlook was "unusually uncertain." Sorry, but it's always unusually uncertain.
I think the most “captivating” part of Federal Reserve Chairman Ben Bernanke was not what he said, but what he omitted. Yes, the unusually uncertain comment captured the essence of why businesses aren’t hiring with European debt crisis, health care, Fin Reg and taxes all creating the miasma.
Ben Bernanke threw a curveball Wednesday in his midterm report to Congress. The Fed view of the economy has been downgraded since its last report in February. This is not totally new news, since the June FOMC minutes reported this downgrade.
Fresh economic data Thursday could feed the market's phobia about a weaker economy, ahead of another round of testimony from Fed Chairman Ben Bernanke.
Ben Bernanke may have brought out the bears Wednesday but the bulls argue investors missed a slew of positive signs. How should you read it?
Federal Reserve Chairman Ben Bernanke told Congress Wednesday the economic outlook remains "unusually uncertain," and the central bank is ready to take new steps to keep the recovery alive if the economy worsens.
The central-bank boss’ downbeat testimony just might have prevented a big sell-off Thursday morning. Here’s why.
Below is the full testimony by Chairman Bernanke on the Semiannual Monetary Policy Report to the Congress, before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C.
Federal Reserve Chairman Ben Bernanke is scheduled to begin his semi-annual economic testimony before Congress at the Senate Banking Committee this afternoon. Art Cashin, director of floor operations at UBS Financial Services, discussed his insights.
Over the next two days,Federal Reserve Chairman Ben Bernanke will present his semiannual review of monetary policy to Congress. All of these are central for understanding the central problem of the US economy: lack of job creation.
Fed chief Ben Bernanke delivers his semi-annual testimony before Congress Wednesday afternoon. Does Bernanke have any tricks left up his sleeve?
"Absurdly bullish expectations" could send the market lower. Here's how to maneuver around it.
Now that the Senate has passed President Obama’s Wall Street reform legislation, the financial industry’s representatives are combing through the legislation and trying to figure out exactly who their new regulators in Washington will be.
The 2,330 leviathan is done and will be signed by President Obama next week. The bill leaves tremendous much of the rule making up to the big three: Federal Reserve, CFTC and SEC.
Recent data underscores what should be obvious by now: that this recovery will be three steps forward and two steps back.
Does the Federal Reserve mean it could take up to five to six years to get the economy performing to its potential? It does not mean we will be in recession that entire time. In fact, the Fed sees growth of 3 percent this year, accelerating to 4 percent in 2012.
When Treasury man Tim Geithner told me last week in a CNBC interview that the Obama administration wanted a 20-20 limit on the tax rates for investor capital gains and dividends, it may have turned stock markets around 180 degrees from the nasty bear correction that began in late April. No one, most of all me, wants to see any increase in these tax rates. But the Geithner pledge created a lot more certainty, especially on dividends, which will not go up to the 40 percent personal tax rate on ordinary income.