Skip to: Content
Skip to: Site Navigation
Skip to: Search

July 23, 2008 4:42:13 PM CDT

Learn about Newser Points »

Stories related to: Ben Bernanke

Stories

Stories 1 - 20 of 107

<< Prev 1 2 3 4 5 6 Next >>
  • July 2008

    • Fed's Broader Portfolio Raises Some Worries

      newser  |  Washington Post  |  Jul 17, 08 12:18 PM CDT

      Fed's Broader Portfolio Raises Some Worries

      Ben Bernanke has been busy recently—too busy, in the minds of some. The chairman has expanded the Federal Reserve's role beyond traditional monetary policymaker to being an all-purpose protector of the financial system. Many of his dramatic moves—the Bear Stearns buyout, backstopping Fannie Mae and Freddie Mac—averted disasters, but could undermine the central bank before long, the Washington Post reports. More »

      Tags

      Federal Reserve  • Ben Bernanke  • monetary policy

    • Consumer Prices Surge Most Since '91

      newser  |  Bloomberg  |  Jul 16, 08 9:35 AM CDT

      Consumer Prices Surge Most Since '91

      Consumer prices rose a staggering 1.1% in June, Bloomberg reports. The figure far surpassed analyst estimates, and brings the year-over-year figure to 5%–the biggest surge since 1991. Core inflation, which excludes food and energy, rose a more-than-expected 0.3%. “Inflation has galloped,” one economist said. “It puts the Fed in a really tricky position. I don't see how they can change rates this year.” More »

      Tags

      Federal Reserve  • Ben Bernanke  • inflation  • consumer prices  • economic indicators  • core inflation  • federal funds rate

    • 'No Immediate Plans' to Prop Up Freddie/Fannie: Paulson

      newser  |  Bloomberg  |  Jul 15, 08 1:08 PM CDT

      'No Immediate Plans' to Prop Up Freddie/Fannie: Paulson

      The US government won't be lending capital to Fannie Mae and Freddie Mac in the near future, Treasury Secretary Henry Paulson told a Senate committee today. "There are no immediate plans to access either the proposed liquidity or the proposed capital backstop,'' Paulson said, and any lending to the mortgage giants would be done "under terms and conditions that protect the US taxpayer," Bloomberg reports. More »

      Tags

      George W. Bush  • Federal Reserve  • Ben Bernanke  • Henry Paulson  • Fannie Mae  • Freddie Mac  • Senate Banking Committee

    • Paulson's Imprimateur on Freddie/Fannie Rescue

      newser  |  Wall Street Journal  |  Jul 15, 08 9:16 AM CDT

      Paulson's Imprimateur on Freddie/Fannie Rescue

      Henry Paulson had a very busy weekend. The treasury secretary had been formulating contingency plans for bailing out beleaguered Fannie Mae and Freddie Mac for weeks, but Friday’s crisis came before those plans were in place, the Wall Street Journal reports in a reconstruction of events leading to the rescue, culminating in the frenzied weekend scramble to negotiate the particulars with the Fed and Congress. More »

      Tags

      Federal Reserve  • Ben Bernanke  • economy  • Henry Paulson  • mortgage  • Fannie Mae  • Freddie Mac  • bailout

    • Stocks Surge on Oil, Fed News

      newser  |  MarketWatch  |  Jul 8, 08 3:38 PM CDT

      Stocks Surge on Oil, Fed News

      The markets made strong gains today as crude futures fell more than $5 and the Fed took steps to shore up the housing market, MarketWatch reports. The Dow gained 152.25 points, its biggest jump in a month, to close at 11,384.21. The Nasdaq rose 51.10 points to 2,294.42, and the S&P 500 rose 21.39 points to 1,273.70. More »

      Tags

      Iran  • Israel  • S&P 500  • Nasdaq  • oil price  • Dow Jones Industrial Average  • Ben Bernanke

    • Fed to Crack Down on Subprime Loans

      newser  |  New York Times  |  Jul 8, 08 8:26 AM CDT

      Fed to Crack Down on Subprime Loans

      The Federal Reserve will issue new rules next week restricting subprime lending and other exotic loans aimed at borrowers with weak credit, Ben Bernanke said today. He said the Fed is also considering extending the overnight low-cost loan program, which helps big banks in need of quick cash, a sign that the Fed believes the financial crisis will continue into 2009. More »

      Tags

      subprime mortgages  • Federal Reserve  • Ben Bernanke  • subprime crisis  • Fannie Mae  • Freddie Mac  • predatory lending

  • June 2008

    • Fed Feared 'Contagion' If Bear Failed

      newser  |  Wall Street Journal  |  Jun 27, 08 1:30 PM CDT

      Fed Feared 'Contagion' If Bear Failed

      If the Fed hadn't taken the unprecedented step of helping bail out Bear Stearns, a sweeping "contagion" would have doomed the markets, its members say. In newly released minutes from its March 16 meeting, the Fed reasons that the “prominent position of Bear Stearns” left it no choice but to help JP Morgan's purchase, the Wall Street Journal reports. The minutes also reveal that JP Morgan was not the sole suitor—only the “most suitable,” and that fewer than five board members were in on the decision. More »

      Tags

      Federal Reserve  • Ben Bernanke  • Bear Stearns  • financial markets

    • Big Rally Ends in Modest Gains

      newser  |  Wall Street Journal  |  Jun 25, 08 3:36 PM CDT

      Big Rally Ends in Modest Gains

      The markets rallied for much of the day on news of ebbing oil prices and the Fed's decision to hold rates steady, but it fell mostly flat by the finish on nagging worries about long-term growth, the Wall Street Journal reports. The Dow—at one point up more than 100 points—added 4.40 points to 11,811.83. The Nasdaq climbed 32.98 points to 2,401.26, while the S&P 500 rose 7.68 points to 1,321.97. More »

      Tags

      Federal Reserve  • S&P 500  • oil price  • Nasdaq  • Dow Jones Industrial Average  • Ben Bernanke  • interest rate

    • As Expected, Fed Holds Steady

      newser  |  Associated Press  |  Jun 25, 08 1:40 PM CDT

      As Expected, Fed Holds Steady

      The Federal Reserve decided today leave a key interest rate unchanged, bringing an end to a string of consecutive rate cuts aimed at keeping the country out of a deep recession. The federal funds rate will remain at 2%—the first time in 10 months the Fed has failed to reduce interest rates at one of its regular meetings. More »

      Tags

      Federal Reserve  • Ben Bernanke  • interest rate  • federal funds rate

    • Fed Likely to Hold Rates— for Now

      newser  |  Reuters  |  Jun 25, 08 6:17 AM CDT

      Fed Likely to Hold Rates&mdash; for Now

      Despite fears that inflationary forces are revving, the Federal Reserve will probably hold the interbank federal funds rate at 2% today, hoping the bargain basement rate can help kick-start a stalled economy that’s been hamstrung by a tenacious housing slump and a credit crunch hangover, Reuters reports. More »

      Tags

      Federal Reserve  • Ben Bernanke  • inflation  • interest rate  • interest rate cut

    • Paulson Seeks Expanded Fed Powers

      newser  |  Washington Post  |  Jun 19, 08 6:39 AM CDT

      Paulson Seeks Expanded Fed Powers

      Treasury Secretary Henry Paulson today will urge Congress to broaden the Federal Reserve’s oversight role on Wall Street, giving it the authority to demand data from financial institutions to help prevent incidents like the Bear Stearns collapse. Any major change in regulatory authority would have to be approved by Congress, reports the Washington Post . More »

      Tags

      Federal Reserve  • Ben Bernanke  • Bear Stearns  • Henry Paulson  • oversight  • Federal Reserve Bank of New York

    • Oil Drives Uneven Finish

      newser  |  MarketWatch  |  Jun 10, 08 3:47 PM CDT

      Oil Drives Uneven Finish

      The markets ended mixed after moving between gains and losses, as traders tracked gyrations in the price of oil—which finished down 2% from earlier highs of $137 a barrel, MarketWatch reports. The Dow gained 9.44 to end at 12,289.76. The Nasdaq lost 10.52 to settle at 2,448.94, and the S&P 500 lost 3.32, closing at 1,358.44. More »

      Tags

      S&P 500  • Nasdaq  • oil price  • Dow Jones Industrial Average  • Ben Bernanke  • US dollar

    • Jobless Rate Posts Biggest Jump in 22 Years

      newser  |  Bloomberg  |  Jun 6, 08 8:43 AM CDT

      Jobless Rate Posts Biggest Jump in 22 Years

      Unemployment saw its biggest leap in two decades in May, spiking from 5.0% to 5.5%, as companies scale back their workforces in the face of recession, Bloomberg reports. Analysts had expected a more modest climb, to 5.1%; unemployment hasn’t been this high since October 2004. Payrolls also fell by 49,000. More »

      Tags

      Ben Bernanke  • economy  • unemployment  • economic indicators  • jobless claims  • payrolls

  • May 2008

    • In Turmoil, Bernanke Forged New Persona

      newser  |  New York Times  |  May 28, 08 10:50 AM CDT

      In Turmoil, Bernanke Forged New Persona

      Federal Reserve chief Ben Bernanke’s aggressive actions in March to douse the fire consuming financial markets won him fans on Wall Street and elsewhere, but created a cadre of critics who say the “Bernanke Doctrine” fuels inflation and hurts the dollar, the New York Times reports. “It has been a really head-spinning range of unprecedented and bold actions,” said one expert. More »

      Tags

      Federal Reserve  • Ben Bernanke  • interest rate cut  • monetary policy  • prime rate

    • Bush, Stop Begging the Saudis

      newser  |  Wall Street Journal  |  May 17, 08 1:23 PM CDT

      Bush, Stop Begging the Saudis

      Whichever adviser sent President Bush to plead with the Saudi king to help bring down oil prices should be canned, the Wall Street Journal opines. Bush had the same request turned down during a visit in January, and the rebuff is even more humiliating the second time around. If Bush wants to go begging, he'd be better off turning to Fed chief Ben Bernanke, "creator of our current commodity-price spike." More »

      Tags

      George W. Bush  • oil price  • Ben Bernanke  • Saudi Arabia  • King Abdullah  • oil production

    • US Must Stop Foreclosures, Bernanke Warns

      newser  |  Los Angeles Times  |  May 6, 08 2:35 AM CDT

      US Must Stop Foreclosures, Bernanke Warns

      Federal Reserve Chairman Ben Bernanke yesterday called for government intervention to halt home foreclosures, warning that to do nothing could "destabilize communities, reduce property values of nearby homes, and lower tax revenues." Bernanke said in a speech in New York that a million Americans were already three months behind in mortgage payments at the beginning of this year, threatening dire consequences for the future of the economy, reports the Los Angeles Times . More »

    • Stocks Rally; Dow Up Almost 200

      newser  |  MarketWatch  |  May 1, 08 3:24 PM CDT

      Stocks Rally; Dow Up Almost 200

      Stocks rallied today on strong performances by several big tech firms, MarketWatch reports. Investors also poured money into financials in anticipation of the dollar boost the Fed will cause by holding interest rates steady after yesterday’s cut. The Dow climbed 189.87 to at 13,010.00, the Nasdaq rose 67.91 to 2,480.71, and the S&P 500 jumped 23.72 to 2,480.71. More »

      Tags

      Federal Reserve  • S&P 500  • Nasdaq  • Dow Jones Industrial Average  • Ben Bernanke  • Intel  • interest rate cut  • Exxon  • Symantec

  • April 2008

Stories 1 - 20 of 107

<< Prev 1 2 3 4 5 6 Next >>

Today's Most Popular

Loading...

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »