Ben Bernanke News

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Bernanke Sees Risks in Further Steps to Spur Jobs

WASHINGTON -- Federal Reserve Chairman Ben Bernanke said Wednesday that the Fed can't take additional steps to try to ease high unemployment without escalating high inflation. If inflation were to accelerate, the Fed would have to raise rates to slow borrowing and spending and blunt price increases. Hiring might then...

G-7 Countries Announce Joint Currency Intervention

WASHINGTON -- Finance officials from the Group of Seven major industrialized countries on Thursday agreed on a coordinated effort to weaken the Japanese yen, which has surged to record levels following last week's earthquake and tsunami. A super-strong yen could cripple Japanese exports, further worsen the economic impact...

February Federal Budget Deficit Sets Record

WASHINGTON -- The government ran the largest-ever budget deficit for a single month in February. The shortfall kept this year's annual deficit on pace to end as the biggest in U.S. history. The widening deficit reflects the impact of the tax-cut package President Barack Obama and congressional Republicans brokered in...

Jobs Market Convalescence Could Take a Long Time

The U.S. jobs market may finally be on the verge of an actual recovery, but expect it to come back with a whimper rather than a bang. The Labor Department today said the number of people who filed for unemployment insurance last week was just 368,000. That's the lowest number of weekly jobless claims reported by the...

Bernanke: Mideast Threat to US Economy Is Mild -- For Now

The spike in fuel prices, sparked by Mideast turmoil, currently poses only a mild threat of broader inflation because the ailing U.S. jobs market has kept a lid on wages, Federal Reserve Chairman Ben Bernanke told Congress today. But a continuing rise in the prices of oil and other commodities like steel, cotton and food...

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05/24/12 Bernanke To Testify Before Congress June 7 Source: Dow Jones Business News (via NASDAQ) WASHINGTON -(Dow Jones)- Federal Reserve Chairman Ben Bernanke will testify before the Joint Economic Committee on June 7, the committee announced Thursday.
05/24/12 U.S. Fed's Dudley eyes costs of more policy easing Source: Reuters The Federal Reserve would not want to ease policy more - including another round of quantitative easing - if U.S. economic growth continues to eat into "slack" in the economy including unused labor, an influential Fed official said on Thursday.
05/24/12 Has independent central banking jumped the shark? Source: Daniel W. Drezner As European leaders meet -- again -- to figure out what to do about the Eurocrisis, Business Insider's Pascal-Emmanuel Gobry fires a broadside at the entire edifice of independent central banks: If one myth has been slain by the financial crisis and the response to it, it's the idea that central banks ought to be independent and unaccountable politically.
05/24/12 QE3 Watch Source: The Big Picture Whether one believes that Bernanke's mandate mission in life is to 'save the banking system', 'reflate asset prices', 'devalue the USD' â all of which seem to err on the side of inflation (and ultimately hyper-inflation once the trust is gone); it seems more critical to focus on the other side of the coin â deflation.
05/24/12 Obama Attacks and Distracts as Economic Cliff Looms Source: U.S. News & World Report "How Apple Sidesteps Billions in Taxes: Funneling Earnings to Low-Tax Regions."

Background on Ben Bernanke

Ben Shalom Bernanke ( ; born December 13, 1953) is an American economist and currently chairman of the Federal Reserve, the central bank of the United States.

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