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Ben Bernanke

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  • Financials' Rally Spurred By Bernanke, Paulson Friday, 30 Nov 2007 | 11:09 AM ET

    Banks and mortgage companies have been rallying today on the positive comments from Ben Bernanke and word that Treasury Secretary Paulson has been meeting with loan servicing companies and other executives in the mortgage industry to work out a plan that would extend lower, introductory interest rates on home loans before they reset at higher levels.

  • Bernanke, Paulson: Giving Traders What They Want Friday, 30 Nov 2007 | 9:05 AM ET

    Traders got what they wanted: 1) Bernanke sounded like Don Kohn, and 2) Paulson is taking the reigns and indicating he is trying to stop the subprime crises from spreading. 1) Bernanke: In his speech last night, Bernanke made it clear he was worried about the direction of the economy.

  • Bernanke Signals Fed Open To Cutting Rates Further Friday, 30 Nov 2007 | 8:48 AM ET
    Federal Reserve Bank Chairman Ben Bernanke.

    Federal Reserve Chairman Ben Bernanke said on Thursday a resurgence in financial strains in recent weeks had dimmed the outlook for the U.S. economy, signaling an openness to lowering interest rates again.

  • Bernanke Speaks Thursday, 29 Nov 2007 | 6:50 PM ET

    Ben Bernanke's speech Thursday night may dictate the market’s direction Friday. What do you need to know before you trade?

  • U.S. Economy Shows More Signs Of Slowing Down Thursday, 29 Nov 2007 | 1:18 PM ET

    Softer-than-expected new-home sales and a surge in jobless claims heightened fears of a steep U.S. economic slide.

  • White House Revises GDP Outlook: 2007 Up, 2008 Down Thursday, 29 Nov 2007 | 12:49 PM ET

    The White House lowered its U.S. economic growth forecast for 2008 Thursday because of trouble in the housing and credit markets, but said the economy remained resilient and a six-year expansion would continue

  • GDP Surged in Summer But Slowdown Is Coming Thursday, 29 Nov 2007 | 12:27 PM ET

    The U.S. economy grew at a robust 4.9% rate in the third quarter, but a surge in jobless claims last week signaled a major slowdown in the fourth quarter.

  • Market Insider/Thursday Look Ahead Wednesday, 28 Nov 2007 | 8:53 PM ET

    The bad news that was scaring the markets has, for now, become the good news. Remember Monday. Things were dire. The major stock indexes were in a tailspin, sinking to a level 10% from October's highs, technically a correction. But that's all changed, and in part it's because the markets are now convinced the Fed recognizes what ails it.

  • Wall Street Bloodbath: Layoffs Keep Growing Wednesday, 28 Nov 2007 | 6:07 PM ET

    Bear Stearns is only the latest Wall Street firm to cut jobs. In recent months, U.S. banks and financial service companies with banking operations having been slashing tens of thousands of positions.

  • Fed's No. 2 Sparks Markets With Hint Of Rate Cuts Wednesday, 28 Nov 2007 | 4:08 PM ET

    The Fed's No. 2 official signaled a willingness to cut interest rates further, saying renewed  financial market turmoil could slow the  economy more than thought.

  • Fed Sees A Blue Christmas as Growth Slows Wednesday, 28 Nov 2007 | 3:47 PM ET

    The economy grew at a slower pace in the late fall as shoppers watched their pennies heading into the busy holiday season.

  • Economy Will Be Hit Hard Even Without Recession Wednesday, 28 Nov 2007 | 2:24 PM ET

    The  economy may avoid a recession in the year ahead but it's almost certain that there will be months of slow growth.

  • Fed's Kohn "Be Nimble" But Will Fed "Be Quick" With Cuts? Wednesday, 28 Nov 2007 | 11:53 AM ET

    Fed Vice Chairman Donald Kohn, in one speech, has changed Wall Street's view on the Fed. While most market players have expected the Fed to cut rates, the Fed itself seemed to be sending another message and that had some investors vexed.

  • Durable Goods Orders Fall for Third Straight Month Wednesday, 28 Nov 2007 | 9:21 AM ET

    New orders for long-lasting U.S.-made manufactured goods dropped for a third month in a row during October and companies appeared wary about making new investments, according to a Commerce Department report on Wednesday.

  • Consumer Mood Worsens Due to Gas Prices, Markets Tuesday, 27 Nov 2007 | 12:08 PM ET

    U.S. consumer confidence fell unexpectedly sharply in November to  a two-year low on worries about rising gas prices and financial market volatility.

  • Goldman Slashes Growth Outlook, Sees Lower Rates Tuesday, 27 Nov 2007 | 11:15 AM ET

    Goldman Sachs on Tuesday slashed its target for the expected trough in U.S. benchmark interest rates by a full percentage point, citing an increased probability of recession and the likelihood of a prolonged period of sluggish performance for the U.S. economy.

  • Dollar Gains in Volatile Session After Citi News Tuesday, 27 Nov 2007 | 11:09 AM ET
    Exchanging Dollars and Euros

    The dollar rose against most major currencies Tuesday after Citigroup Inc.  said it will sell a $7.5 billion stake to the Abu Dhabi government, restoring some confidence in battered U.S. banks.

  • Happy Holidays? Recession Worries Are On the Rise Monday, 26 Nov 2007 | 6:26 PM ET
    Foreclosured Home

    A parade of economic data in the next couple weeks will tell volumes about the economy and the Fed’s chances for achieving a soft landing.

  • Dollar Little Changed vs. Euro on US Rate Outlook Monday, 26 Nov 2007 | 11:43 AM ET
    Dollar and Euro

    The dollar was little changed against the euro and down against the yen Monday with investors finding few reasons to change their view that more Federal Reserve interest rate cuts are imminent.

  • Ex-U.S. Treasury Head Summers: Recession Likely Monday, 26 Nov 2007 | 11:37 AM ET

    The odds now point to a U.S. economic recession that slows global growth significantly even if necessary policy changes are implemented, former U.S. Treasury secretary Larry Summers said.