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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...

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,...

When Do Inflation, Debt Become Bigger Worries Than Jobs?

So much for the jobs-jobs-jobs agenda. The epidemic unemployment gripping the the country may still be the top priority of the Federal Reserve. But other issues loom larger for the new majority in the House of Representatives, as Fed Chairman Ben Bernanke learned this morning in his first testimony of the year before a...

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