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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,...

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

Bernanke Confirmed for Second Term at the Fed

(Jan. 28) -- The Senate on Thursday confirmed Ben Bernanke to a second term as chairman of the Federal Reserve by a strong majority just three days before his current tenure expired, ending a surprisingly tenacious confirmation process that underscored widespread anger at the government's response to the financial...