Despite some signs that the economy is on the mend, a lack of confidence from consumers and companies alike may hamper job growth during the next few months, economists say.
Federal Reserve Chairman Ben Bernanke has a tough road ahead.
The dollar rebounded on Tuesday from Monday's 15-month lows after Federal Reserve Chairman Ben Bernanke made rare comments about the dollar, encouraging traders to trim longer-term bets against the currency.
Stocks rallied to 13-month highs Monday as investors focused on the weak U.S. dollar and Federal Reserve chairman Ben Bernanke said interest rates will remain low as the economy slowly recovers.
Federal Reserve Chairman Ben Bernanke said the recovery in the U.S. economy will be modest, with higher than desired levels of unemployment for the foreseeable future.
Investors will brace for a spate of economic reports this week with their fingers crossed that there is more good news than bad since that will set the tone for the remaining seven weeks of the year.
Federal Reserve chairman Ben Bernanke said Friday that the turmoil in the financial system is "abating," but urged lawmakers to enact comprehensive reforms to help prevent future crises.
U.S. stocks were poised for a positive open Friday, as investors reacted to better-than-expected results from Microsoft and upbeat comments about the economy from Fed chairman Ben Bernanke.
Ben Bernanke said on Monday that it was "extraordinarily urgent" that the US and Asia adopt policies that prevent a revival of global economic imbalances as the financial crisis ebbs.
Federal Reserve Chairman Ben Bernanke on Thursday endorsed most of the Obama administration's plan to overhaul the regulatory system, except for a consumer agency.
Despite some signs that the economy is on the mend, a lack of confidence from consumers and companies alike may hamper job growth during the next few months, economists say.
Federal Reserve Chairman Ben Bernanke has a tough road ahead.
The dollar rebounded on Tuesday from Monday's 15-month lows after Federal Reserve Chairman Ben Bernanke made rare comments about the dollar, encouraging traders to trim longer-term bets against the currency.
Stocks rallied to 13-month highs Monday as investors focused on the weak U.S. dollar and Federal Reserve chairman Ben Bernanke said interest rates will remain low as the economy slowly recovers.
Federal Reserve Chairman Ben Bernanke said the recovery in the U.S. economy will be modest, with higher than desired levels of unemployment for the foreseeable future.
Investors will brace for a spate of economic reports this week with their fingers crossed that there is more good news than bad since that will set the tone for the remaining seven weeks of the year.
Federal Reserve chairman Ben Bernanke said Friday that the turmoil in the financial system is "abating," but urged lawmakers to enact comprehensive reforms to help prevent future crises.
U.S. stocks were poised for a positive open Friday, as investors reacted to better-than-expected results from Microsoft and upbeat comments about the economy from Fed chairman Ben Bernanke.
Ben Bernanke said on Monday that it was "extraordinarily urgent" that the US and Asia adopt policies that prevent a revival of global economic imbalances as the financial crisis ebbs.
Federal Reserve Chairman Ben Bernanke on Thursday endorsed most of the Obama administration's plan to overhaul the regulatory system, except for a consumer agency.
U.S. stocks appeared set for a positive start Wednesday as upbeat sentiment about the economic outlook carried over from the previous session.
In his first speech since he was reappointed, Federal Reserve Chairman Ben Bernanke said the recession is "very likely over" but detailed the tough road ahead for the economy.
Major stock indexes ended at their highest points of the year Tuesday after a stronger-than-expected retail sales report and comments from Fed chief Ben Bernanke helped offset concerns that the rally has outpaced the recovery.
Federal Reserve policymakers were pleased by signs of improvement in the U.S. economy but added that the recovery is still fragile, according to the minutes of their most recent meeting.
Federal agents have nabbed a woman who they say is involved in a sophisticated identity-theft ring that claimed Fed Chairman Ben Bernanke among its victims, authorities said Tuesday.
For an academic from Dillon, S.C., Ben Bernanke is an unlikely gunslinger.
Fed Chairman Ben Bernanke, the man in charge of the nation's money supply, discovered last summer that even he is not immune to the risk of identity theft.
Stocks gained Tuesday, extending the recent rally, after reports showed that consumer confidence and home prices are starting to recover.
U.S. stocks were set for a modestly higher open Tuesday, following President Obama's appointment of Federal Reserve Chairman Ben Bernanke and a report showing a decline in home prices.
President Obama is expected to nominate Ben Bernanke to a second term as head of the Federal Reserve, a senior administration official told CNN Monday night.
Federal Reserve Chairman Ben Bernanke said that the U.S. economy is about to start growing again, although he cautioned it will be a slow recovery with continued high unemployment in the near term.
U.S. stocks were poised for a cautious but positive start Friday in light trading volume, ahead of a speech by Federal Reserve Chairman Ben Bernanke.
After two years of pumping money into the financial system to keep the economy afloat, Fed Chairman Ben Bernanke will have to reverse the process or risk an opposite problem: inflation.
One of the signature proposals in the Obama administration's efforts to reshape the regulatory framework for banks has been slowed as supporters regroup in the midst of mounting opposition.
Federal Reserve Chairman Ben Bernanke said Sunday that lessons learned from the recession and the financial crisis will help make the economy stronger than it was before the crisis.
Home mortgage rates ticked lower after Federal Reserve Chairman Ben Bernanke said the central bank will continue to keep interest rates low.
Ben Bernanke is showing us the door. In a newspaper editorial and Congressional testimony on Tuesday, the Federal Reserve chairman detailed the central bank's strategies for sucking excess liquidity out of the economy when it begins to recover. His stratagems make sense, but will require expert timing.
Speculation that Ben Bernanke might very well be appointed for a second-term as Federal Reserve Chairman when his term expires in January 2010 has to remind one of Washington's Alice in Wonderland-like quality.
Stocks finished higher Tuesday -- with the Dow industrials ending at a 6-month high -- after a volatile session in which investors weighed better-than-expected corporate earnings with Federal Reserve Chairman Ben Bernanke's warning that the economic recovery would be slow.
Federal Reserve chairman Ben Bernanke has a major problem on his hands. He is doing his best to try and save the economy from slipping further into recession. But he may have to sacrifice the U.S. dollar in the process.
Federal Reserve Chairman Ben Bernanke told lawmakers Tuesday that the economy has started to show signs of stabilization, although he cautioned that improvement is uncertain and likely to be gradual going forward.
U.S. stocks were poised for a higher open Tuesday as investors considered another wave of corporate results and prepared for testimony from Federal Reserve chief Ben Bernanke.
Business legend Jack Welch has already hailed Ben Bernanke as "a national hero" for the Federal Reserve chief's aggressive moves to pump up the economy, but Bernanke's work is not nearly finished. One of the factors that will influence the decision whether to reappoint him when his term ends in January is the nature of the next task facing him or his successor: to wean the economy off the $1 trillion of new money created by the Fed when disaster loomed last fall.
Federal Reserve Chairman Ben Bernanke denied accusations Thursday that he pressured Bank of America to follow through on its purchase of Merrill Lynch late last year or risk having top management removed.
Stocks were headed for a lower open Thursday as investors reacted to a worse-than-expected report on unemployment and awaited congressional testimony from Federal Reserve Chairman Ben Bernanke.
Data suggest the economic contraction may be slowing, but the economy is hardly out of the woods, Federal Reserve Chairman Ben Bernanke told lawmakers on Wednesday.
Treasury prices rose Wednesday after the Federal Reserve's purchase of government debt and Fed Chairman Ben Bernanke's comments about the national deficit.
Federal Reserve Chairman Ben Bernanke said Tuesday that the U.S. economy is stabilizing and will begin to rebound later this year, but the recovery will be slow and cautious.
Financial regulators must strike a delicate balance between protecting consumers and not choking off credit, Federal Reserve Chairman Ben Bernanke said Friday.
Federal Reserve Chairman Ben Bernanke said Tuesday he sees "tentative signs" that the economy's dramatic decline is easing, but that full recovery won't come until the financial system is stabilized.
Federal Reserve Chairman Ben Bernanke responded to ongoing criticism of the government's efforts to keep alive institutions it has deemed "too big to fail," saying that this is an "enormous problem" that needs to be addressed.
Stocks finished lower Monday, ending a 4-session winning streak, as tech selling countered a bank share-led rally.
Federal Reserve Chairman Ben Bernanke said on Sunday that government officials are laying the groundwork for an economic revival and that a "depression" can be avoided - acknowledging however that a full recovery will take time and that there are still obstacles.
Federal Reserve chairman Ben Bernanke said Tuesday that economic recovery hinges on stabilizing the financial system, and proposed new policies aimed at absorbing financial shocks in the future.
Uncertainty is the bane of markets. And the apparently piecemeal nature of the U.S. government's response to the financial crisis has eroded confidence.
Stocks rallied Tuesday morning after Citigroup said it was profitable in the first two months of the year, and Federal Reserve Chairman Ben Bernanke spoke of the need for an overhaul of the financial system.
The exit ramp that Ben Bernanke was looking for Saturday had only a little to do with getting the U.S. economy back on the road to recovery.
President Obama's economic A-team went to Capitol Hill on Tuesday to address questions about the administration's ambitious budget request.
European markets closed lower Tuesday, following a global selling spree the day before.
Federal Reserve Chairman Ben Bernanke said Wednesday that the embattled housing market has crippled the economy, and at-risk homeowners need a bailout - even if they knew they couldn't afford their home in the first place.
Federal Reserve Chairman Ben Bernanke said he's hoping the recession could end later this year, but he cautioned that a full economic recovery will take "more than two or three years."
The dollar was mixed against European currencies Tuesday, while remaining strong against the yen, as investors gear up for key economic data and remarks from Federal Reserve chairman Ben Bernanke and President Obama.
The economy stinks, and the Federal Reserve wants to tell you all about it.
Federal Reserve chairman Ben Bernanke was questioned by lawmakers from both parties Tuesday about whether the Fed should continue to have as much broad powers over the economy.
Federal Reserve Chairman Ben Bernanke said Tuesday that President-elect Barack Obama's proposed fiscal stimulus package could help the economy, but he added that additional bailouts of financial institutions may also be needed to bring about a sustained economic recovery.
The price of oil rose Tuesday, ending five days of declines, after Saudi Arabia signaled additional production cuts and Fed chairman Ben Bernanke said stimulus plans could aid an economic recovery.
Lower prices are probably at the bottom of the list of most Americans' current economic worries. But for a growing number of economists, it's their biggest fear.
Federal Reserve Chairman Ben Bernanke may eventually be hailed as an economic Santa Claus if the Fed's dramatic rate cut helps bring an end to this recession.
Will the 10th time be the charm for Ben Bernanke and the Federal Reserve?
Federal Reserve Chairman Ben Bernanke said Thursday that the government must do more to address foreclosures.
Federal Reserve Chairman Ben Bernanke said on Monday that the nation's economic weakness will persist for some time, even if the government's efforts to boost lending help restore the credit markets to normal.
Federal Reserve Chairman Ben Bernanke said Friday that the federal government will need to continue to play a role in the future of the mortgage financing market.
The Federal Reserve's latest move raises fewer cheers, more questions and new risks
The drumbeat for lawmakers to do more to boost the economy is growing louder. And the chances have increased that Congress could pass a second stimulus package during its lameduck session following the presidential election.
Federal Reserve Chairman Ben Bernanke testified Monday that Congress should consider passing a new stimulus package to try to jump start the economy.
Stocks rallied Monday morning as investors welcomed signs that the lending market is improving and comments from Federal Reserve chief Ben Bernanke that the Congress should consider another stimulus plan.
Federal Reserve Chairman Ben Bernanke warned in a speech Wednesday that the U.S. economy will take some time to recover - even if the credit markets return to normal soon.
On Nov. 21, 2002, just two months after leaving Princeton University's economics department for a spot on the Federal Reserve Board, Ben Bernanke gave a speech in Washington on the topic of deflation. At the time, stock prices had been falling for almost two years straight, inflation was just 2%, and there was widespread worry that it would drop into negative territory. The specter of Japan, beset for a decade by falling prices and economic stagnation, was on the minds of many. In his speech, Bernanke even brought up a far worse deflationary spiral - the Great Depression.
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?
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.
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