U.S. Federal Reserve Chairman Ben Bernanke says the U.S. economic recovery has slowed and it will take a “frustratingly” long time to cut the unemployment rate. The head of the U.S. central bank spoke at a congressional hearing after reports showed inflation to be relatively mild, while job growth and retail sales were disappointing. Bernanke […]
Bernanke: Reducing Unemployment Frustratingly Slow
Posted July 17th, 2012 at 11:25 am (UTC-5)
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US Fed Chief Bernanke Comments On Europe Debt Turmoil
Posted November 2nd, 2011 at 4:15 pm (UTC-5)
U.S. Federal Reserve Chairman Ben Bernanke on Wednesday acknowledged the impact of Europe’s debt turmoil on the U.S. economy. BEN BERNANKE, FEDERAL RESERVE CHAIRMAN “Unfortunately we can’t disassociate ourselves from Europe, the things that are happening there do affect us and that’s an unfortunate fact. I hope very much that Europeans will find a set […]
US: One Presidential Contender Targets Central Bank
Posted August 17th, 2011 at 12:45 pm (UTC-5)
In the U.S., one presidential contender seeking to oust President Barack Obama has attacked the country’s central bank and its chairman as part of his campaign. Republican Rick Perry, the long-standing governor of the large southwestern state of Texas, formally announced his candidacy last weekend to try to win his party’s nomination to oppose Mr. […]
Bernanke: Failure To Make Debt Deal Would Be “Calamity”
Posted July 13th, 2011 at 1:10 pm (UTC-5)
U.S. Federal Reserve Chairman Ben Bernanke says the economy will face “calamity” if congressional Republicans and President Obama cannot reach an agreement to raise the legal limit on borrowing. He told Congress refusing to increase Washington’s debt ceiling is like having a spending spree with a credit card and then refusing to pay the bill. […]
Bernanke: Fed Will Offer Additional Stimulus If Needed
Posted July 13th, 2011 at 10:45 am (UTC-5)
The head of the U.S. central bank says the Federal Reserve will take additional steps to stimulate the economy if the current lull in growth continues. Federal Reserve Chairman Ben Bernanke spoke to a congressional committee in Washington Wednesday. He said some of the problems that have slowed the recovery, like high oil prices, are […]
