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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...

Federal Panel Finds Financial Crisis Was Avoidable

WASHINGTON -- The government-appointed panel investigating the roots of the financial crisis says the meltdown occurred because government officials and Wall Street executives ignored warning signs and failed to manage risks. The crisis could have been avoided, the Financial Crisis Inquiry Commission determined in a final...

Fed Leaves Rates at Record Low; Will Purchase US Debt

(Aug. 10) -- More worried about the recovery, the Federal Reserve took a small step Tuesday to bolster the economy. Wrapping up a one-day meeting, the Fed said it will use the proceeds from its investments in mortgage bonds to buy government debt on a small scale. That could help nudge down long-term rates on mortgages...

Greenspan and the Economic Blame Game

(April 7) -- Who to blame and what to change? The tornado of economic arguments swirling around Washington these days addresses both failures that led to the recent financial crisis and the legislating of new rules aimed at preventing the next one. It shouldn't be surprising that a dominant player in all things economic...

Senators Slam Bernanke Over Joblessness, but Fed Chief's Job Seems Safe

(Dec. 3) - The renomination hearing of Ben Bernanke had all the acrimony of a shipboard quarrel in perilous waters: Senators criticized the Federal Reserve chairman for failing to elude the financial storm but seemed disinclined to change captains while the economy and especially the jobs market are still far from safe...