Content Tagged As bernanke

4 years 8 months ago

Fed Chief says future uncertain, stocks drop

WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke tells Congress the economic outlook remains "unusually uncertain," and the Fed is ready to take new steps to keep the recovery alive if the economy worsens. The Fed chief, in prepared testimony to the Senate Banking Committee Wednesday, says record low...

5 years 1 month ago

Bernanke: Record-low rates still needed

Federal Reserve Chairman Ben Bernanke tells Congress that record-low interest rates are still needed to ensure that the economic recovery will last and to help cushion the sting of high unemployment. Delivering his twice-a-year economic report to the House Financial Services Committee, Bernanke strikes a confident tone that the recovery...

5 years 5 months ago

Fed boss sees no rush to boost rates

Federal Reserve Chairman Ben Bernanke sent a fresh signal yesterday that he's in no rush to reverse course and start boosting interest rates. The Fed's key bank lending rate is now at a record low near zero and will probably stay there for an "extended period," Bernanke said in a...

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