Skip to: Content
Skip to: Site Navigation
Skip to: Search
TUESDAY, NOVEMBER 24, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


0

Bernanke Signals New Rate Cuts

Says central bank 'will act as needed' to further minimize economic risks

Share

(Newser) – Federal Reserve Chairman Ben Bernanke today said that the board stands ready to cut interest rates again to give the economy "adequate insurance against downside risks," reports the Wall Street Journal. The move, which follows 2.25% in cuts to the key rate since September, is widely expected at the Fed's March 18 meeting.

The Fed "will need to judge whether the policy actions taken thus far are having their intended effects," Bernanke told a House finance committee. The chairman also indicated that he is much more worried by the slowing economy than he is about the prospect of inflation, suggesting that inflation could in fact be lower than predicted.

The chairman indicated that a cut may come at the Fed's coming March 18th meeting.
The chairman indicated that a cut may come at the Fed's coming March 18th meeting.   (Getty Images (by Event))
Federal Reserve Board Chairman Ben Bernanke appears before the Senate Banking Committee on Capitol Hill in Washington, Thursday, Feb. 14, 2008, to discuss the state of the economy. (AP Photo/Dennis Cook)
Federal Reserve Board Chairman Ben Bernanke appears before the Senate Banking Committee on Capitol Hill in Washington, Thursday, Feb. 14, 2008, to discuss the state of the economy. (AP Photo/Dennis...   (Associated Press)
Federal Reserve Board Chairman Ben Bernanke, right, and Treasury Secretary Henry Paulson, left, testify on Capitol Hill in Washington, Thursday, Feb. 14, 2008, before the Senate Banking Committee to discuss the state of the economy. (AP Photo/Dennis Cook)
Federal Reserve Board Chairman Ben Bernanke, right, and Treasury Secretary Henry Paulson, left, testify on Capitol Hill in Washington, Thursday, Feb. 14, 2008, before the Senate Banking Committee to discuss...   (Associated Press)
Federal Reserve Chairman Ben Bernanke speaks at the 2007 Charlotte Chamber annual meeting in Charlotte, N.C. on Thursday, Nov. 29, 2007. (AP Photo/Nell Redmond)
Federal Reserve Chairman Ben Bernanke speaks at the 2007 Charlotte Chamber annual meeting in Charlotte, N.C. on Thursday, Nov. 29, 2007. (AP Photo/Nell Redmond)   (Associated Press)
Federal Reserve Board Chairman Ben Bernanke appears before the Senate Banking Committee on Capitol Hill in Washington in this Feb. 14, 2008 file photo. Bernanke suggested today that the Fed is gearing up for another rate cut. (AP Photo/Dennis Cook, File)
Federal Reserve Board Chairman Ben Bernanke appears before the Senate Banking Committee on Capitol Hill in Washington in this Feb. 14, 2008 file photo. Bernanke suggested today that the Fed is gearing...   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.24.09
Murdoch and Microsoft: The Mice Are Trying to Roar
11.23.09
Books Are Bad for You
0 comments
VIEWING:
 
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

91 Stories

 Fed Leaves Rate 
 at Record Low 

Says it wants to foster recovery

Nov 4, 09 1:43 PM CST
(AP) - The Federal Reserve today held a key interest rate at a record low and again pledged to keep it there for an "extended period" to foster the fragile economic recovery. The Fed says economic activity has "continued to pick up" and that the housing market also has grown... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • interest rate • Fed funds rate • interest rate cut

Bernanke: US Must Save More, Asia Spend More

Fed chief warns global imbalances could trigger new meltdown

Oct 20, 09 8:46 AM CDT
(Newser) - The world economy is headed back down the drain if Asians don't start spending more and Americans don't start saving more, Ben Bernanke said at a conference yesterday. The Fed chief warned that unequal trade patterns were partly to blame for the financial crisis and that they are re-emerging as... More »

MORE ABOUT:
China • Ben Bernanke • Federal Reserve • US-China trade deficit • trade deficit • US economy • Chinese economy • trade gap • financial crisis

analysis

 Bernanke's Next Challenge:
 Undoing His Own Work 

Rate cuts, other moves must eventually be reversed

Aug 26, 09 9:22 AM CDT
(Newser) - In his first term as Fed chairman, Ben Bernanke played the role of savior, lending hundreds of billions to banks and businesses, backing the mortgage market, and cutting interest rates. In his second, Bernanke will have to turn “strict disciplinarian,” reversing earlier moves to respond to a massive... More »

MORE ABOUT:
inflation • Ben Bernanke • White House • Federal Reserve • lending practices • Obama administration • financial crisis • President Obama • interest rates

91 Stories


Some assessments of Bernanke
Bloomberg

Is inflation really all that toothless?
MarketWatch

Read full text of Bernanke's testimony
Federal Reserve


Business  •  US 
TwitterFollow @NewserBusiness on Twitter

 
inflation • Ben Bernanke • housing market • Federal Reserve • energy prices • House Financial Services Committee • testimony • US economy • credit market • Federal Open Market Committee • interest rate cut • labor market

from our news partners