Fed 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...

Bernanke Warns High Oil Prices Could Threaten Economy

WASHINGTON -- Federal Reserve Chairman Ben Bernanke told Congress Tuesday that a prolonged rise in oil prices would pose a danger to the economy. But he said a more likely outcome is a temporary and modest increase in consumer prices - not runaway inflation. Bernanke, in prepared testimony to the Senate Banking Committee,...

From Farming to Fashion, Inflation Looks to Be on Its Way

The food on your plate, the gas in your tank, the plastic in your children's toys and the clothing on their backs are likely to get more expensive in the coming months in a spurt of inflation that could play havoc with the economic recovery. Consumers haven't yet felt many cost increases in their daily and weekly lives,...

Bernanke Encouraged by Sharp Drop in Unemployment

Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that the sharp drop in unemployment over the last two months is encouraging but cautioned that it will take several years for hiring to return to normal. See full article from DailyFinance: http://srph.it/e2eqhY

From Aspiring Actress to Economic Leader, Duke Says It's 'Personal'

It seems safe to say that Elizabeth Duke started her professional life thinking more of Shakespeare than small-business loans, leading roles on stage rather than leadership of a $14.8 trillion economy amid the tumult of financial crisis. But Duke, now a governor on the board of the Federal Reserve and an active player in...

Background on Fed

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