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?
The U.S. Federal Reserve announced several steps to cope with the worst credit crisis in decades, including broadening the types of assets that investment banks can put up to get emergency loans from the Fed.
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.
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?
The U.S. Federal Reserve announced several steps to cope with the worst credit crisis in decades, including broadening the types of assets that investment banks can put up to get emergency loans from the Fed.
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.
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.
Bond prices fell Thursday after Federal Reserve Chairman Ben Bernanke said the U.S. economy will continue to struggle and suggested that the central bank is willing to cut interest rates further.
Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson both acknowledged problems in the U.S. economy Thursday, but both said they believe the nation will avoid falling into recession.
U.S. stock futures pointed to a flat start Thursday as investors waited for Senate testimony from Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson.
U.S. stock futures pointed toward a flat open Thursday as investors waited to hear what Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson would say during their testimony before the Senate Banking Committee, slated to start at 10:00 a.m. ET.
The economy is on everyone's mind right now. And traders, homeowners and politicians all have the same question: How bad it will get?
The Federal Reserve on Wednesday cut a key interest rate for the second time in just over a week, reducing the federal funds rate by a half point
Economist Milton Friedman once famously claimed a computer could handle the rate-setting duties of a central bank. In the last month it has appeared to many critics that the financial markets have taken on that role.
(WASHINGTON) -- the Federal Reserve weighs another interest-rate reduction to bolster a sagging economy.
"This was a sad day for Bernanke," a bond fund manager told me the day after the Federal Reserve cut interest rates by an aggressive half-point back in September.
The stock market didn't crash Tuesday, but Ben Bernanke didn't win himself any fans, either.
The wobbly economy is overtaking Iraq as the issue weighing most heavily on the minds of America's voters. And Washington has noticed. The White House and Congress are almost certain to enact some kind of stimulus package. But like all such temporary, feel-good measures, it will generate a quick blip in growth that will quickly evaporate. In reality only one player has the power to do anything swift and decisive: the Federal Reserve. And its chairman, Ben Bernanke, has already made his intentions abundantly clear, with a stunning three-quarters of a percentage point rate cut announced Tuesday following an unscheduled meeting. Unfortunately, the cure he's prescribing may be worse than the disease.
Stocks tumbled Thursday, extending the 2008 selloff on recession worries following comments from Federal Reserve Chairman Ben Bernanke, a big quarterly loss by Merrill Lynch and weak readings on the housing and manufacturing sectors.
Stocks tumbled Thursday, extending the 2008 selloff on recession worries following comments from Federal Reserve Chairman Ben Bernanke, Merrill Lynch's big quarterly loss and weak readings on the housing and manufacturing sectors.
Bond prices rose Thursday after the Philadelphia Federal Reserve said its manufacturing index unexpectedly sank 20.9 percent in January, highlighting fears that the economy is headed for recession.
Stocks slumped Thursday, building on the 2008 selloff on recession worries following comments from Federal Reserve Chairman Ben Bernanke, and the corporate and economic news
Federal Reserve Chairman Ben Bernanke told Congress Thursday that legislators should enact a fiscal stimulus package in order to help beleaguered consumers as recession fears grow.
Stocks tanked Thursday afternoon after Federal Reserve Chairman Ben Bernanke urged lawmakers to enact a fiscal stimulus plan soon to help consumers and the economy.
Stocks struggled Thursday morning as investors welcomed Fed chairman Ben Bernanke's support of a government stimulus plan, but held back amid Merrill Lynch's big quarterly loss and more troubles for the housing market.
Stocks opened higher Thursday as investors await Congressional testimony from Federal Reserve Chairman Ben Bernanke.
Stocks were poised for a flat open Thursday, as investors balanced their hopes for a lift from testimony from Federal Reserve Chairman Ben Bernanke to Congress with a much bigger-than-expected loss from Merrill Lynch.
A nearly $10 billion loss from Citigroup. Weak retail sales last month. Rising inflation pressures. It's ugly out there.
Federal Reserve Chairman Ben Bernanke said in a speech Thursday that the central bank is prepared to continue lowering interest rates in order to help keep the economy on track.
Stocks turned mixed Thursday afternoon, after rallying when Fed Chairman Ben Bernanke signaled that the central bank will cut interest rates more aggressively to help the economy fight off a recession.
Stocks could drift at the open Thursday as investors await a speech from Federal Reserve Chairman Ben Bernanke.
Blue chips gained Friday in a choppy session in which investors welcomed comments from Fed Chair Ben Bernanke that implied further interest rate cuts are on the way but showed some caution after a three-day advance.
Technology shares slumped and blue chips cut gains near the end of the session Friday, crimping an earlier rally sparked by bets that the Federal Reserve will cut interest rates at its next meeting.
Stocks rose near midday Friday after Fed chairman Ben Bernanke hinted that the central bank is likely to cut interest rates at the next policy meeting, reassuring investors worried about the ongoing turmoil in financial markets.
Stocks jumped Friday morning after Fed chairman Ben Bernanke hinted that the central bank is likely to cut interest rates at the next policy meeting, reassuring investors worried about the ongoing turmoil in financial markets.
Hints from Federal Reserve chief Ben Bernanke that more rate cuts are on the way, along with oil prices below $90 a barrel, could help Wall Street extend its three-day run of gains Friday.
Federal Reserve Chairman Ben Bernanke said Thursday that the central bank remains concerned about consumer spending strength and problems in the financial markets and will stay "alert and flexible" leading up to its next meeting on Dec. 11.
U.S. stocks appeared poised to open higher Friday after Federal Reserve chief Ben Bernanke bolstered expectations for more rate cuts, paving the way for four straight sessions of gains on Wall Street.
Stocks struggled Thursday afternoon, losing steam after a two-session rally, as investors mulled weak home sales and mixed corporate news ahead of a key speech from Fed chairman Ben Bernanke this evening.
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