Ben Bernanke

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Fed Signals It's Ready to Act Soon on Economy

Minutes of meeting show members worried about recovery

(Newser) - Federal Reserve officials spoke with increased urgency at their last meeting about the need to provide more help for a weak US economy. In fact, many felt further support would be needed "fairly soon" unless things improved significantly. The minutes of the July 31-Aug. 1 meeting don't say...

Fed: No New Stimulus, for Now
Fed: No New Stimulus
—for Now

Fed: No New Stimulus —for Now

Ben Bernanke and crew see the economy slowing but will stand pat

(Newser) - Wall Street has been waiting anxiously for a few days now to see what the Fed was going to do about the economy, and the answer arrived this afternoon: Nothing. For now. The Fed sees evidence that the economy has actually decelerated in recent months, reports MarketWatch , but it's...

Bernanke Predicts 7% Unemployment in 2014

Dour Fed gives no clue as to quantitative easing plans

(Newser) - Ben Bernanke sounded a dour note in his testimony before Congress today, predicting slow growth and stubbornly high unemployment, with no hint that the Fed intended to do anything about it. "The US economy has continued to recover, but economic activity appears to have decelerated somewhat," he said,...

Weak Jobs Report Puts Pressure on Bernanke

Fed now more likely to take action

(Newser) - Yesterday's tepid jobs report firms up evidence that the recovery is backsliding and increases the odds that the Federal Reserve will try to give it a jolt, reports the Wall Street Journal . The most likely move by Ben Bernanke would be to buy bonds—or quantitative easing, in econo-speak—...

Fed Will Help If Economy Craters: Bernanke

But it's unclear what action it would take

(Newser) - The Federal Reserve is prepared to take further steps to lift the economy if it weakens, Ben Bernanke said today—but he didn't signal any imminent action in testimony before a congressional panel. Bernanke said the European debt crisis poses significant risks to US financial markets. He noted that...

Krugman vs. Bernanke: Who&#39;s Reckless?
Krugman vs. Bernanke: Who's Reckless? 
Robert Samuelson

Krugman vs. Bernanke: Who's Reckless?

Robert Samuelson outlines the feud between the bearded economists

(Newser) - Call it the "battle of the beards," suggests Robert Samuelson of the Washington Post : Paul Krugman vs. Ben Bernanke. Both are prominent economists, both have facial hair aplenty, and each has called the other "reckless." Krugman has been lambasting the Fed for not doing enough to...

We Need a Weaker Dollar
 We Need a Weaker Dollar 
Paul Krugman

We Need a Weaker Dollar

Paul Krugman argues that we need more inflation, not less

(Newser) - Ben Bernanke has become a popular punching bag for the right lately, with people like Ron Paul and Rick Perry trying "to bully the Fed into doing exactly the wrong thing," writes Paul Krugman in the New York Times . "The right wants the Fed to obsess over...

Bernanke: Fed Will Do More to Boost Economy

Stock market soars

(Newser) - The Federal Reserve isn't ready to take its foot off the gas pedal. In a speech this morning in Arlington, Virginia, Ben Bernanke said that while the Fed was encouraged by the downward trend in unemployment numbers, it believes that the economy needs “continued accommodative policies” to keep...

Ron Paul to Bernanke: Do You Shop for Groceries?

Candidate returns to Washington to spar with Fed chief

(Newser) - Ron Paul may have a presidential race to run, but he's never too busy to return to DC to do a little Fed bashing. Paul grilled Ben Bernanke today, declaring in his opening statement that "what we are witnessing today is the end stages of a grand experiment,...

Bernanke: Full Recovery Years Away

Fed says inflation on target, but unemployment high, growth sluggish

(Newser) - Don't get too excited about that pending economic rebound . The Federal Reserve's announcement it will keep interest rates super-low into 2014 is a key sign that the US economy is years away from truly recovering, reports the New York Times . Yes, the economy has picked up "moderately,...

2006 Transcripts Show Fed Was Clueless on Housing

Geithner, Bernanke, others missed signs of the pending collapse

(Newser) - The Fed released transcripts from meetings in 2006 today that reveal just how badly its top officials blew it on the looming housing crisis, the New York Times reports. The industry was showing signs of distress, but the Fed's attitude boiled down to, eh, no big deal. The officials...

Fed Sees High Unemployment All Next Year

Forecast sees it at 8.6% at end of 2012

(Newser) - If President Obama were hoping for a quick election-year turnaround in the jobless rate, the Federal Reserve burst his bubble today. The Fed projected unemployment will be at 8.6% at the end of 2012, not much better than the 9.1% registered in September of this year, reports the...

Bernanke: Recovery 'Is Close to 'Faltering'

He advises Congress not to cut spending

(Newser) - Federal Reserve Chairman Ben Bernanke said today that the US economic recovery "is close to faltering" and that the central bank is prepared to take further steps to support it. (That potential action apparently pleased investors: The Dow came off the day's lows, fell a bit, then rebounded...

Did GOP Cross Line With Letter to Bernanke?
Did GOP Cross Line With Letter to Bernanke?
OPINIONs

Did GOP Cross Line With Letter to Bernanke?

Some pundits think Republican leaders shouldn't play politics with Fed

(Newser) - The latest political firestorm comes courtesy of the top four Republicans in Congress (Mitch McConnell, John Boehner, Jon Kyl, and Eric Cantor), who wrote a letter to Ben Bernanke urging restraint on the economy. "We have serious concerns that further intervention by the Federal Reserve could exacerbate current problems,...

Bernanke Stands Pat, Sends Stocks Tumbling
Bernanke Stands Pat,
Sends Stocks Tumbling
MARKETS

Bernanke Stands Pat, Sends Stocks Tumbling

Dow tumbles below 11K

(Newser) - Ben Bernanke didn’t give any sign that the Fed was about to take fresh action to prop up the economy in his speech at Jackson Hole today, sending stocks tumbling. Bernanke said the Fed “is prepared to employ its tools as appropriate to promote a stronger economic recovery,...

Don&#39;t Hold Your Breath for New Fed Stimulus
Don't Hold Your Breath
for New Fed Stimulus
OPINION

Don't Hold Your Breath for New Fed Stimulus

Investors might be barking up the wrong tree

(Newser) - Stocks have been shooting up this week on speculation that Ben Bernanke will announce another round of quantitative easing to prop up the economy in his speech Friday at Jackson Hole. But investors had better hold their horses, Neil Irwin of the Washington Post reports, because “the appetite within...

Rick Perry Stands By His Bernanke Comments

He is the 'no apologies' candidate, writes Chris Cillizza

(Newser) - By now, just about everyone in politics has weighed in on Rick Perry's "treason" comments regarding Ben Bernanke . How about Perry himself? "I'm just passionate about the issue and we stand by what we said," the Texas governor said today in Dubuque, Iowa, according to...

Perry Made 'Rookie Mistake' With Bernanke Comments

... or is a little 'hyperbole' being overblown by media?

(Newser) - Rick Perry's comments about Ben Bernanke and treason continue to dominate the political chatter. A few takes:
  • John Podhoretz, Commentary : "What Perry did was make a thoughtless blunder, an unforced error; we’re now going to spend a couple of days discussing whether he was summoning violence on
...

Perry: Bernanke Printing More Money 'Almost Treasonous'

Bernanke would be 'treated pretty ugly' in Texas, GOP hopeful warns

(Newser) - Federal Reserve chief Ben Bernanke will be no better than Benedict Arnold if he embarks on a third round of tinkering with the money supply between now and the election, Rick Perry told a Republican rally in Iowa yesterday. "If this guy prints more money between now and the...

Fed Panel Split Over Bernanke's Low Rates Policy

It's the most a chairman has faced in 19 years

(Newser) - Ben Bernanke's Tuesday announcement that the Fed is prepared to keep short-term interest rates close to zero for at least two more years is facing internal revolt from the Federal Open Market Committee, the 12-member committee of Fed presidents and governors that sets monetary policy, reports the Wall Street ...

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