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CNNMoney: Stocks: All eyes on Bernankeupdated: Fri Aug 31 2012 07:48:00

U.S. stocks were headed for a higher open Friday as investors await Federal Reserve chairman Ben Bernanke's speech later in the day.

CNNMoney: Stocks: More Bernanke, more earningsupdated: Wed Jul 18 2012 08:58:00

U.S. stocks were poised for a lower open Wednesday as investors considered the latest corporate earnings and awaited a second day of Congressional testimony from Federal Reserve chairman Ben Bernanke.

Bernanke predicts 'frustratingly slow' unemployment dropupdated: Tue Jul 17 2012 10:23:00

Reduction in the unemployment rate is "likely to be frustratingly slow," Federal Reserve Chairman Ben Bernanke told the Senate Banking Committee on Tuesday morning.

CNNMoney: Stocks: Waiting on Bernankeupdated: Tue Jul 17 2012 08:43:00

U.S. stocks were set to open higher Tuesday as investors considered more earnings reports and Federal Reserve chairman Ben Bernanke's testimony before a Senate committee.

CNNMoney: Stocks likely to struggleupdated: Fri Jun 08 2012 08:57:00

U.S. stocks could struggle Friday on investor disappointment that Federal Reserve Chairman Ben Bernanke did not signal more stimulus is on the horizon.

CNNMoney: Jobs report was bad. But not QE3 bad.updated: Fri Apr 06 2012 12:33:00

There was nothing good about the Good Friday jobs report. But was the slowdown in hiring in March bad enough for the Federal Reserve to once again consider more stimulus for the economy?

CNNMoney: Stocks: All eyes on Bernankeupdated: Wed Apr 04 2012 10:40:00

All eyes will focus on Federal Reserve Chairman Ben Bernanke and his team of nine as they spend two days mulling over what monetary policy levers to pull to give the stalled U.S. economy a boost.

CNNMoney: Dow jumps on dovish Bernankeupdated: Mon Mar 26 2012 16:40:00

U.S. stocks rallied Monday after Fed chairman Ben Bernanke's comments on the job market gave investors reason to believe interest rates will stay low.

CNNMoney: Bring out the Gimp! Is it 1994 again for bonds?updated: Mon Mar 26 2012 16:06:00

1994 was great for movie fans. "Pulp Fiction." "The Shawshank Redemption." "Forrest Gump." But bond investors definitely would rather forget that year.

CNNMoney: Stocks: Bernanke comments to spur gainupdated: Mon Mar 26 2012 08:40:00

U.S. stocks were poised to open higher Monday as Fed chairman Ben Bernanke's comments on the job market gave investors reason to believe interest rates will stay low.

CNNMoney: Positive economic signals send stocks higherupdated: Thu Mar 01 2012 16:36:00

U.S. stocks rose modestly Thursday as investors welcomed mostly positive economic news and digested testimony from Federal Reserve chairman Ben Bernanke.

CNNMoney: Bernanke: Economic recovery 'uneven'updated: Thu Mar 01 2012 12:24:00

In day two of Ben Bernanke's semi-annual testimony before Congress, the Federal Reserve Chairman warned lawmakers that their short-term policies could put the recovery at risk.

CNNMoney: Bernanke: Job market 'far from normal'updated: Wed Feb 29 2012 14:06:00

Federal Reserve Chairman Ben Bernanke headed to Capitol Hill Wednesday to give Congress his semi-annual report on the economy, and what he had to say wasn't exactly rosy.

CNNMoney: Bernanke: Housing problems hold back recoveryupdated: Fri Feb 10 2012 15:03:00

Lingering problems in the housing market continue to restrain America's economic recovery and limit the effectiveness of Federal Reserve policies, Ben Bernanke said Friday.

CNNMoney: Bernanke tries to keep Fed out of politicsupdated: Tue Feb 07 2012 13:07:00

By now, Federal Reserve Chairman Ben Bernanke must be used to being a punching bag.

CNNMoney: Bernanke: Fed will protect U.S. economy from Europeupdated: Fri Feb 03 2012 10:54:00

The recovery remains "frustratingly slow" in the United States, and now Europe's debt crisis is posing additional challenges, Federal Reserve Chairman Ben Bernanke told Congress Thursday.

CNNMoney: Stocks set for timid open ahead of Bernankeupdated: Thu Feb 02 2012 08:55:00

U.S. stocks were set for a timid open Thursday as traders await comments from Federal Reserve chair Ben Bernanke, and keep a wary eye on Greece's debt talks.

CNNMoney: Bernanke to teach class about the Fedupdated: Thu Jan 26 2012 13:05:00

Ben Bernanke will step back into the classroom this semester to teach college students about the Federal Reserve.

CNNMoney: Fed forecasting breaks new groundupdated: Wed Jan 25 2012 17:03:00

In an effort to be more transparent with the public, the Federal Reserve gave more insight into its planning tools Wednesday than ever before.

CNNMoney: Bernanke worries Europe's woes will spill into U.S.updated: Wed Dec 14 2011 16:50:00

Federal Reserve Board Chairman Ben Bernanke told Republican senators on Capitol Hill on Wednesday that he's concerned about European sovereign debt problems spilling over to the U.S. economy, according to senators.

CNNMoney: Bernanke doesn't get treated 'ugly' in Texasupdated: Thu Nov 10 2011 14:32:00

Take that Rick Perry! Ben Bernanke headed down to Texas to rally the troops Thursday, and didn't get treated so "ugly" after all.

CNNMoney: Federal Reserve perks up (a bit) on economyupdated: Wed Nov 02 2011 17:39:00

The Federal Reserve issued a slightly better outlook on the economy Wednesday, but cut its economic growth forecast for the year overall.

CNNMoney: Stocks rebound after 2-day routupdated: Wed Nov 02 2011 16:51:00

U.S. stocks finished sharply higher Wednesday afternoon, snapping back from two days of steep declines.

CNNMoney: Bernanke to Congress: Sluggish growth aheadupdated: Tue Oct 04 2011 14:05:00

Fed chief Ben Bernanke told a panel of Congress on Tuesday that the central bank expects growth in the second half of the year to be "more rapid" than the first half of the year, but says the economy still faces headwinds.

CNNMoney: GOP to Bernanke: No new stimulusupdated: Wed Sep 21 2011 11:54:00

Republican leaders in Congress have asked Federal Reserve Chairman Ben Bernanke to refrain from any further monetary stimulus during policy makers' two-day meeting ending Wednesday.

CNNMoney: Stocks: Economy in focusupdated: Fri Sep 09 2011 08:02:00

U.S. stocks were set to open lower Friday, as investors digest speeches from President Obama and Fed chair Ben Bernanke.

CNNMoney: Stocks retreat after Bernanke disappointsupdated: Thu Sep 08 2011 16:56:00

U.S. stocks fell Thursday after Ben Bernanke made a speech that failed to knock investors' socks off.

CNNMoney: Bernanke to Congress: Don't sacrifice recoveryupdated: Thu Sep 08 2011 15:43:00

Sounding a bit like a broken record, Ben Bernanke once again urged lawmakers to not put the recovery at risk as they focus on slashing government spending over the long haul.

CNNMoney: Stocks break four-week losing streakupdated: Fri Aug 26 2011 16:53:00

Stocks saw a Ben Bernanke-fueled rally Friday, even though the Fed Chief warned that the economy continues to remain weak in the short term.

CNNMoney: Investors stick with Treasuries after Bernankeupdated: Fri Aug 26 2011 16:11:00

Investors stuck with U.S. Treasuries Friday as they sought safety after Federal Reserve Chairman Ben Bernanke failed to announce any new stimulus measure to jumpstart the economy...at least for now.

CNNMoney: Bernanke to Congress: Don't mess up again. Please.updated: Fri Aug 26 2011 12:53:00

Remember that crazy, bitter debt-ceiling debate this summer? The one that created a half-baked debt reduction plan and led to the country's first-ever credit-rating downgrade?

CNNMoney: Economy: 'Slowdown is here to stay'updated: Fri Aug 26 2011 09:43:00

Economic growth in the second quarter was slightly weaker than previously estimated, according to revised U.S. government data released Friday.

CNNMoney: Stocks brace for Bernankeupdated: Fri Aug 26 2011 08:43:00

All week, investors have been counting down to Federal Reserve Chairman Ben Bernanke's speech. With the big event just hours away, U.S. stocks were headed for a slightly lower open Friday.

CNNMoney: Market wants Bernanke to be Mighty Mouseupdated: Thu Aug 25 2011 17:16:00

There is probably a greater chance that an earthquake will hit Jackson Hole, Wyo., on Friday at 10 a.m. ET than there is of Federal Reserve chairman Ben Bernanke announcing a third round of quantitative easing.

CNNMoney: Treasuries rise ahead of Bernankeupdated: Thu Aug 25 2011 15:19:00

U.S. Treasury yields eased Thursday as investors turned cautious ahead of a highly-anticipated speech by Federal Reserve chairman Ben Bernanke.

CNNMoney: Stocks: Winning 3 for 3updated: Wed Aug 24 2011 16:37:00

Stocks kept the positive momentum going Wednesday, finishing higher for a third straight session as investors cheered a rise in durable goods orders.

CNNMoney: Treasury yields boosted by economic bright spotupdated: Wed Aug 24 2011 14:09:00

Treasury yields rose after a better-than-expected report on orders for long-lasting goods temporarily distracted investors from looking ahead to Federal Reserve Chairman Ben Bernanke's speech in two days.

CNNMoney: Stocks set for a flat openupdated: Wed Aug 24 2011 08:48:00

U.S. stocks were headed for a flat open Wednesday, as investors digested a better-than-expected report on durable good orders and await Federal Reserve Chairman Ben Bernanke's speech later this week.

CNNMoney: Economists: Fed should stay put for nowupdated: Tue Aug 23 2011 15:07:00

Economists aren't looking for Federal Reserve Chairman Ben Bernanke to announce some new plan to rescue the struggling U.S. economy in a much-anticipated speech this Friday.

CNNMoney: Stocks end higher after a bumpy rideupdated: Mon Aug 22 2011 17:03:00

U.S. stocks rose modestly Monday as investors grappled with an uncertain economic outlook ahead of a key speech by Fed chairman Ben Bernanke.

CNNMoney: Bernanke's last resort: Start dancing?updated: Mon Aug 22 2011 07:57:00

The Federal Reserve may have one last thing it can do to help stimulate the economy that wouldn't necessarily be considered "treasonous" by a certain presidential candidate.

CNNMoney: Stocks: Fear takes center stageupdated: Sat Aug 20 2011 09:51:00

Nervous investors hoping for a reprieve this week will be disappointed.

CNNMoney: Stocks drop after Bernanke commentsupdated: Thu Jul 14 2011 16:35:00

U.S. stocks fell Thursday after Federal Reserve chairman Ben Bernanke said that the central bank may not be as willing to move on further stimulus as previously thought.

CNNMoney: Bernanke: Debt ceiling breach 'calamitous'updated: Thu Jul 14 2011 12:35:00

Federal Reserve Chairman Ben Bernanke was back on Capitol Hill Thursday, warning that failure by Congress to raise the debt ceiling would be "a calamitous outcome."

CNNMoney: Stocks snap 3-day losing streakupdated: Wed Jul 13 2011 16:40:00

U.S. stocks fell from earlier highs but still managed to snap a three-session losing streak Wednesday after Federal Reserve chairman Ben Bernanke reiterated that the central bank remains ready to provide additional stimulus.

CNNMoney: Bernanke: U.S. default would cause 'major crisis'updated: Wed Jul 13 2011 13:20:00

How much clearer can Ben Bernanke be?

Bernanke: Economy will improve over rest of 2011 and 2012updated: Wed Jul 13 2011 10:13:00

The U.S. economy's growth rate will pick up over the rest of 2011, to nearly 3 percent, according to projections presented to Congress Wednesday by Federal Reserve Chairman Ben Bernanke.

CNNMoney: Fed chairman Bernanke faces firestormupdated: Tue Jul 12 2011 14:35:00

Federal Reserve Chairman Ben Bernanke heads to Capitol Hill this week in the center of many storms swirling around Washington and Wall Street.

CNNMoney: Home prices rise, snapping 8-month drop streakupdated: Tue Jun 28 2011 14:39:00

The downward cycle in home prices broke in April after eight consecutive months of decline, according to a survey released Tuesday.

CNNMoney: Treasuries close higher after Bernanke press conferenceupdated: Wed Jun 22 2011 16:25:00

Treasury prices closed higher Wednesday as investors reacted to the Federal Reserve's interest rate statement and continued to stress over the Greek debt crisis.

CNNMoney: Fed gloomier about the economyupdated: Wed Jun 22 2011 15:42:00

Ben Bernanke and the rest of the Federal Reserve have grown more pessimistic about the state of the U.S. economy.

CNNMoney: Bernanke: Stop holding debt ceiling hostageupdated: Tue Jun 14 2011 14:56:00

Ben Bernanke renewed his calls to Congress to stop holding the debt ceiling hostage.

CNNMoney: QE3? Don't bet on it just yetupdated: Mon Jun 13 2011 13:24:00

The Federal Reserve meets next week to discuss monetary policy.

CNNMoney: Stocks: Bernanke spooks investorsupdated: Wed Jun 08 2011 08:35:00

U.S. stocks were set to open lower Wednesday, as gloomy comments about the economic outlook from Fed chairman Ben Bernanke continue to weigh on investors.

CNNMoney: Bernanke: Job market 'far from normal'updated: Tue Jun 07 2011 18:37:00

The economy lost some momentum recently, Ben Bernanke acknowledged Tuesday, but the Federal Reserve chairman is still optimistic that the recovery will pick up again in the second half of the year.

CNNMoney: Bernanke kills Wall Street's buzzupdated: Tue Jun 07 2011 17:39:00

U.S. stocks closed lower Tuesday after comments from Federal Reserve chairman Ben Bernanke dashed hopes that the central bank could provide additional economic stimulus.

CNNMoney: 10-year yield falls below 3% on Bernanke commentsupdated: Tue Jun 07 2011 16:34:00

A cloud is brewing over the already fragile U.S. recovery. From jobs to housing, the numbers haven't been good -- and Treasuries are feeling every blow.

CNNMoney: Stocks set for early bounceupdated: Tue Jun 07 2011 08:58:00

U.S. stocks were poised to claw higher early Tuesday, following a recent string of losses, as investors await comments from Federal Reserve Chairman Ben Bernanke about the state of the economy.

CNNMoney: Bernanke: Debt ceiling fight poses Lehman-like riskupdated: Thu May 12 2011 12:59:00

Federal Reserve chief Ben Bernanke reinforced his call on Thursday for Congress to raise the cap on U.S. borrowing, saying a failure to do so could lead down the same risky path that the failure of Lehman Brothers did.

CNNMoney: Economic slowdown: Blip or start of a dip?updated: Thu Apr 28 2011 15:44:00

Today's economic password is ... "transitory."

CNNMoney: Dow, S&P 500 at highest levels since 2008updated: Thu Apr 28 2011 07:55:00

It was a 'no news is good news' kind of day for the stock market.

CNNMoney: Bond yields up on Bernanke's inflation concernsupdated: Thu Apr 28 2011 07:52:00

Treasury yields edged higher Wednesday, following comments about inflation concerns from Federal Reserve chairman Ben Bernanke.

CNNMoney: Stocks: All eyes on Bernankeupdated: Wed Apr 27 2011 08:53:00

U.S. stocks were headed for early gains Wednesday, as investors sort through the latest corporate results, ahead of a highly anticipated press conference at the Federal Reserve.

CNNMoney: Bond market waiting for Bernankeupdated: Tue Apr 26 2011 16:46:00

Bond traders are waiting to hear what Fed chairman Ben Bernanke has to say about inflation and the economy when he holds his first post-Fed meeting press conference Wednesday afternoon.

CNNMoney: No rate change will 'dampen' the dollarupdated: Mon Apr 11 2011 11:56:00

The fate of the U.S. dollar for the remainder of the year will hinge on the Federal Reserve's actions, as analysts try to look into their central bank crystal ball for clues about the Fed's future monetary plans.

CNNMoney: Bernanke to meet the pressupdated: Thu Mar 24 2011 15:58:00

Tight-lipped Ben Bernanke is coming further out of his shell.

CNNMoney: Bernanke: Inflation risk 'modest'updated: Wed Mar 02 2011 15:36:00

In his twice yearly testimony to Congress Tuesday, Federal Reserve Chairman Ben Bernanke acknowledged surging oil and food prices, but said that inflation would likely remain tame.

CNNMoney: Bernanke under fire again on Capitol Hillupdated: Wed Mar 02 2011 14:27:00

Federal Reserve Chairman Ben Bernanke had an unhappy tea party on Capitol Hill Wednesday.

CNNMoney: Bernanke worries about cash bubbleupdated: Fri Feb 18 2011 08:21:00

Federal Reserve Chairman Ben Bernanke said Friday that unbalanced flows of money between nations is again posing a risk to the global economy and financial stability.

CNNMoney: Bernanke faces off against Paul Ryanupdated: Wed Feb 09 2011 13:34:00

Facing off against some of his toughest critics on Capitol Hill Wednesday, Federal Reserve Chairman Ben Bernanke told lawmakers they need a "credible program" to reduce the nation's growing deficit.

CNNMoney: Stocks poised for a lower openupdated: Wed Feb 09 2011 08:27:00

U.S. stocks were set to open lower Wednesday, as investors awaited U.S. Treasury secretary Tim Geithner's comments on the economy and jobs, and Federal Reserve chairman Ben Bernanke's House testimony about the deficit.

CNNMoney: Stocks end higher ahead of jobs reportupdated: Thu Feb 03 2011 16:31:00

U.S. stocks ended higher Thursday as investors digested comments about the economy from Federal Reserve chairman Ben Bernanke, who said a weak job market continues to weigh on the recovery.

CNNMoney: Bernanke urges Congress to act on debtupdated: Thu Feb 03 2011 15:35:00

In a rare on-the-record appearance before reporters, Federal Reserve Chairman Ben Bernanke gave a dire warning to lawmakers: Raise the debt limit now.

CNNMoney: Bernanke: Fed's actions led to stock rallyupdated: Thu Jan 13 2011 15:35:00

Federal Reserve Chairman Ben Bernanke said the central bank's latest effort to pump money into the economy is partly responsible for the rise in the stock market, but not for the reason critics think.

CNNMoney: Bernanke: Recovery finally taking holdupdated: Fri Jan 07 2011 12:29:00

The U.S. economic recovery is finally getting stronger, Federal Reserve Chairman Ben Bernanke said Friday.

CNNMoney: Precious metals outshine stocksupdated: Mon Dec 06 2010 16:30:00

Precious metals like gold and silver took center stage Monday as few investors showed a willingness to jump into the stock market fray on a day with no major economic news on tap.

CNNMoney: Bonds climb on Bernanke bluesupdated: Mon Dec 06 2010 10:02:00

Treasuries started climbing early Monday, as Fed Chairman Ben Bernanke's pessimistic comments about the job market over the weekend boosted the safe-haven appeal of U.S. government debt.

CNNMoney: Stocks set to dip on Bernanke commentsupdated: Mon Dec 06 2010 09:17:00

U.S. stocks were poised to fall at the opening bell Monday after Fed chairman Ben Bernanke gave a pessimistic outlook about the nation's economy.

CNNMoney: Bernanke on 60 Minutes: Doesn't rule out QE3updated: Fri Dec 03 2010 17:06:00

Federal Reserve Chairman Ben Bernanke this Sunday will make his second appearance on 60 Minutes, defending the central bank's controversial $600 billion bond buying program.

CNNMoney: The Federal Reserve's new voting membersupdated: Tue Nov 23 2010 11:58:00

There's dissension in the ranks of the Federal Reserve, and things are about to get even more tense at the central bank.

What is Ben Bernanke thinking?updated: Mon Nov 22 2010 15:44:00

Question: What do Joe Stiglitz and Paul Volcker on the left and Martin Feldstein and John Taylor on the right all have in common?

CNNMoney: Bernanke: Fed's right on stimulus, Chinaupdated: Fri Nov 19 2010 12:10:00

Federal Reserve Chairman Ben Bernanke on Friday defended the central bank's plans to spur U.S. economic growth, saying they could help reduce unemployment, and -- in a message aimed at China -- urged developing nations to let their currencies gain in value.

CNNMoney: Bernanke: It's all about jobsupdated: Thu Nov 04 2010 10:32:00

The Federal Reserve's latest move to help stimulate the economy should help fulfill its obligation "to help promote increased employment and sustain price stability," Fed chairman Ben Bernanke said.

CNNMoney: Bernanke: We take foreclosure problems seriouslyupdated: Mon Oct 25 2010 09:32:00

Federal Reserve Chairman Ben Bernanke said Monday that a federal agency review of foreclosure procedures at the nation's largest mortgage servicers should be completed next month.

CNNMoney: Bernanke: Case for more Fed actionupdated: Fri Oct 15 2010 11:55:00

Federal Reserve Chairman Ben Bernanke gave the clearest signal yet that the Fed is about to act to further spur the sluggish U.S. economy, stating that "there would appear...to be a case for further action."

CNNMoney: Stocks head for higher open after Bernankeupdated: Fri Oct 15 2010 09:17:00

U.S. stock futures turned higher after Fed chairman Ben Bernanke said the central bank has "a case for further action" to stimulate the economy, citing high unemployment and low inflation.

CNNMoney: Bernanke flies with deficit hawksupdated: Tue Oct 05 2010 11:52:00

Ben Bernanke, chairman of the Federal Reserve, warned Monday that the United States faces serious long-term fiscal challenges that could threaten the nation's economic future.

CNNMoney: Bernanke: Teach us out of the next crisisupdated: Thu Sep 30 2010 18:17:00

Fed Chairman Ben Bernanke told a crowd of schoolteachers in Washington Thursday they can help prevent the next big financial crisis by teaching students personal finance basics of saving and budgeting.

CNNMoney: Fed ready to take 'unconventional measures'updated: Fri Aug 27 2010 12:43:00

Federal Reserve chairman Ben Bernanke bluntly acknowledged that the U.S. economic recovery has lost considerable steam, but said the central bank has the necessary policy tools to support continued growth.

CNNMoney: Economy slowing to a crawl -- or a halt?updated: Thu Aug 26 2010 13:44:00

The economy is losing momentum. You know it. I know it. Federal Reserve chairman Ben Bernanke knows it.

CNNMoney: Contentious times for Bernanke and the Fedupdated: Tue Aug 24 2010 07:57:00

Divisions among the 17 key Federal Reserve officials about how to deal with the economic situation reached a peak at their meeting earlier this month, according to a published report Tuesday.

CNNMoney: Bernanke sees 'moderate growth;' long road to recoveryupdated: Mon Aug 02 2010 13:29:00

Federal Reserve chairman Ben Bernanke said Monday that the U.S. economy faces a long and bumpy ride ahead to overcome the deepest recession since the Great Depression, though the worst is over.

Fortune: Why fears of hyperinflation won't dieupdated: Mon Aug 02 2010 12:39:00

Deflation may be on Federal Reserve Chairman Ben Bernanke's tongue, but inflation is wagging in at least one corner of the economy. Obscure books analyzing the causes and consequences of bone-chilling inflation in Germany following World War I are now hot commodities.

CNNMoney: Treasurys climb on Bernanke's commentsupdated: Wed Jul 21 2010 19:27:00

Prices for U.S. Treasurys edged higher Wednesday, with the yield on the 2-year note holding at a record low, after Federal Reserve Chairman Ben Bernanke called the economic recovery "unusually uncertain."

CNNMoney: Stocks slump on Bernanke commentsupdated: Wed Jul 21 2010 18:20:00

Stocks tumbled Wednesday after Federal Reserve Chairman Ben Bernanke told Congress that the outlook for the economy is "unusually uncertain," adding to worries about the pace of the recovery.

CNNMoney: Bernanke: Recovery 'unusually uncertain'updated: Wed Jul 21 2010 17:36:00

Federal Reserve Chairman Ben Bernanke warned Congress Wednesday that the economic outlook remains "unusually uncertain," but stopped short of revealing what the Fed might do to sustain the shaky U.S. recovery.

Bernanke warns Congress economic outlook remains 'unusually uncertain'updated: Wed Jul 21 2010 15:34:00

Federal Reserve Chairman Ben Bernanke is warning Congress that the economic outlook remains "unusually uncertain," although he says the Fed is planning for the ultimate withdrawal of the substantial funds it has injected into the financial system since the onset of the economic crisis in 2008.

Fortune: The wrong fix for small business lendingupdated: Tue Jul 20 2010 14:34:00

In a speech last week, Federal Reserve chairman Ben Bernanke said banks across the country are systematically denying loan requests from financially credible small businesses. Bernanke implored community banks to lend more to small businesses, saying they are "crucial to America's recovery."

Fortune: For small businesses, loans are plentiful as long as they're plastic-backedupdated: Wed Jul 14 2010 15:25:00

On Monday Federal Reserve Chairman Ben Bernanke took up the growing issue of lack of lending to small businesses by banks, and the havoc it's causing in the economy. Lending to small businesses contracted by $40 billion for the first quarter of 2010 as compared to 2008. Only a third to half of small businesses were able to secure a loan or line of credit in 2009. And Small Business Administration lending all but disappeared in June, thanks to the end of a popular stimulus program. Because of the dry-up, Bernanke said small businesses "have had difficulty obtaining the credit that they need to expand and, in some cases, even to continue operating."

CNNMoney: Bernanke: $40B in small biz loans disappearsupdated: Mon Jul 12 2010 13:44:00

In the last two years, $40 billion worth of loans to small businesses have evaporated, and correcting the problem should be "front and center among our current policy challenges," Ben Bernanke, chairman of the Federal Reserve, said in a speech Monday.

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