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Ben Bernanke

Started by S Goldstein; Last updated Jul 25, 08 2:17 PM CDT by cajunbearcub | View history

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Ben Bernanke

Opinion has risen and fallen on the Federal Reserve Chairman since he took office in February 2006

Stories

Stories 61 - 80 of 124

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March 2008
- 'Perfect Storm' Batters US Economy
  
  New York Times | Mar 14, 08 12:30 PM CDT
  
  (Newser) - A perfect storm of economic maladies has the US economy reeling on the edge of recession and officials struggling to limit the damage it causes, reports the New York Times. But many economists say there isn’t much the government or policy makers can do besides batten down the hatches and, in the words of a Charles Schwab analyst, “let the system wash it out.” More »
- Dollar Makes Comeback as Banks Predict Intervention
  
  Bloomberg | Mar 14, 08 8:17 AM CDT
  
  (Newser) - The dollar made a recovery today after yesterday's disastrous fall, pulling back above 100 yen and gaining against the euro and the pound. The greenback's advance comes as securities firms speculated that the Fed and other central banks will collaborate to safeguard the dollar for the first time in 13 years. "The market is certainly on intervention watch," a currency trader told Bloomberg. More »
- Most Economists Say Recession Is Here
  
  Wall Street Journal | Mar 13, 08 5:00 PM CDT
  
  (Newser) - A cascade of bleak financial news has convinced most economists in a Wall Street Journal poll that the US is already in a recession. The results are markedly more negative than a similar survey only five weeks ago, and much of the foul mood can be traced to last week’s dismal employment report. “The evidence is now beyond a reasonable doubt,” said one. Of the 51 economists polled, 71% said recession had arrived. More »
- Stocks Rally, Flatten, End Down
  
  Wall Street Journal | Mar 12, 08 3:38 PM CDT
  
  (Newser) - Markets shot up early today, then flattened out and ended down as record oil and gas prices put a damper on things. Per-barrel oil prices hit $110.20 before landing at $109.92, the Wall Street Journal reports. The Dow ended down 46.57 to 12,110.24, the Nasdaq 11.89 to 2,243.87 and the S&P 11.88 to 1,308.77. More »
- Wow! Dow Climbs 400 Points
  
  Wall Street Journal | Mar 11, 08 3:55 PM CDT
  
  (Newser) - The Fed's plan to ease the credit crisis sent stocks roaring today; by the closing bell, the Dow was up by more than 400 points. Financials led the way, reports the Wall Street Journal, with massive gains by Citigroup and American Express. The Dow closed up 416.66 at 12,156.81, the Nasdaq up 86.42 at 2,255.76, and the S&P 500 up 47.28 at 1,320.65. More »
- Fed Pours $200B Into Global Credit Relief Push
  
  Associated Press | Mar 11, 08 10:15 AM CDT
  
  (Newser) - The Fed will inject huge quantities of cash into financial markets as part of a coordinated global attack on the credit crisis, Ben Bernanke announced today. The central bank will loan out another $200 billion, this time on a 28-day basis rather than overnight, the AP reports. The effort will coordinate with the European Central Bank and the central banks of Canada, England, and Switzerland. More »
- Fed Pumps Money Into Reeling Banks
  
  Bloomberg | Mar 7, 08 12:02 PM CST
  
  (Newser) - The Federal Reserve will lend more money to banks in March in a bid to ease the worsening credit crisis, Bloomberg reports. By dramatically increasing the funds available in two upcoming auctions—from $30 billion to $50 billion—the Fed hopes to convince banks to loosen up and lend more. More »
- Bernanke: Homeowners Need More Help
  
  Wall Street Journal | Mar 4, 08 9:29 AM CST
  
  (Newser) - Ben Bernanke says homeowners need more help, and that help might include writing down the principal on some problem loans, reports the Wall Street Journal . "Efforts by both government and private-sector entities to reduce unnecessary foreclosures are helping, but more can, and should, be done," the Fed chairman said today in a speech to a community banking conference in Florida. More »
February 2008
- Paulson Raps Mortgage Rescue Plans
  
  Wall Street Journal | Feb 28, 08 7:06 AM CST
  
  (Newser) - Homeowners burned by the subprime mortgage meltdown shouldn't be looking to the federal government for help, Treasury Secretary Henry Paulson told the Wall Street Journal yesterday. Facing down mounting congressional pressure for stronger measures to stem an epidemic of foreclosures, Paulson dismissed proposals on the table as "bailouts" for reckless lenders, investors and speculators. More »
- Despite Fed, Silicon Valley Bullish on Economy
  
  ABC News | Feb 27, 08 5:31 PM CST
  
  (Newser) - Ben Bernanke’s report to Congress on monetary policy offered a grim outlook on the economy, but ABC News sees some signs that good news may be around the corner: workers in Silicon Valley, a national economic bellwether, feel good about their prospects. Rising exports, the recently-passed stimulus package and the future rate cuts Bernanke will probably make at the Fed’s March 18 meeting are additional reasons for optimism. More »
- Bernanke Signals New Rate Cuts
  
  Wall Street Journal | Feb 27, 08 9:15 AM CST
  
  (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. More »
- Fed Sees Slower Growth, Higher Unemployment
  
  New York Times | Feb 20, 08 6:58 PM CST
  
  (Newser) - The Federal Reserve issued a bleak assessment of the economy today, predicting weak growth and rising unemployment this year. Fed officials expect the economy to grow between 1.3% and 2% in 2008, the slowest in five years, the New York Times reports. A separate report today showed consumer prices rising, putting the Fed in a tricky spot as it weighs another rate cut against fears of inflation. More »
- Inflation Spikes, Cut in Jeopardy
  
  Wall Street Journal | Feb 20, 08 9:04 AM CST
  
  (Newser) - Core inflation bounded ahead of expectations in January, which is bad news for anyone betting on a big rate cut from the Fed–and for the Fed itself. The consumer price index rose 0.4%, with core CPI rising 0.3%, putting the year-over-year figures at 4.3% and 2.5% respectively, well above the Fed’s traditional 1.5%-2% comfort zone, the Wall Street Journal reports. More »
- Bernanke Suggests Rate Cuts Ahead
  
  Wall Street Journal | Feb 14, 08 9:20 AM CST
  
  (Newser) - Federal Reserve Chairman Ben Bernanke signaled today that further interest rate cuts might be necessary, citing continuing fallout from the credit and housing market collapses, reports the Wall Street Journal . Bernanke told the Senate Banking Committee he expected "a period of sluggish growth, followed by a somewhat stronger pace of growth starting later this year as the effects of monetary and fiscal stimulus begin to be felt." More »
- Fed Battles to Balance Rate Cuts, Inflation
  
  Wall Street Journal | Feb 8, 08 11:57 AM CST
  
  (Newser) - Inflation worries have some Fed officials hinting that interest-rate cuts may slow down, sparking concerns among investors who expect the central bank to trim rates 75 more basis points at its March 18 meeting, reports the Wall Street Journal. Rates have been reduced 2.25% since September—to 3%--in an effort to rally the flagging economy More »
- Streeters Give Ben Bad Grades
  
  Wall Street Journal | Feb 6, 08 5:29 PM CST
  
  (Newser) - Economists went negative on Ben Bernanke in a new Wall Street Journal survey, grading the Fed chief at 75 out of 100 points—the lowest mark in two years on the job—and saying he had managed communications poorly and was too attentive to bears and bulls. One watcher said the Fed gave “too little too late