Bernanke on ‘Occupiers’: Fed’s Motives are Misunderstood
A defensive but sympathetic Federal Reserve Chairman Ben Bernanke said he understands concerns about the economy and income inequality brewing among Occupy Wall Street protesters, but that the Fed’s motives are ...
Bernanke: Boost Lending for Credit-Worthy Small Businesses
Despite some lenders claiming to be focusing on a small business’s cash flow and relying less on collateral values, credit-worthy business owners continue to have difficulties obtaining funds to stay afloat, Federal ...
Fed’s Bernanke: Money ‘By Itself’ Doesn’t Buy Happiness
It was not your typical speech by the Federal Reserve chairman; then again, this was a commencement address at the University of South Carolina in Columbia, about a two-hour drive from Dillon, where Ben Bernanke ...
Bernanke: We Already have ‘Systemic Approach’ to Oversight
A day after the Senate approved sweeping new authority for the dismantling of influential failing firms, Federal Reserve Chairman Ben Bernanke said the Central Bank has already adopted a “systemic approach” ...
Bernanke: So Far, ‘Close to Zero’ Effect on Mortgage Rates
Federal Reserve Chairman Ben Bernanke said today the Fed’s end of its purchases of mortgage-backed securities on April 1 has had a “close to zero” effect on mortgage rates so far, and if a deeper housing crisis ...
Bernanke: ‘Too Big To Fail’ is Unconscionable, Insidious
Financial institutions such as those that brought the world economy to the brink two years ago present an unconscionable threat and the most “insidious barriers” to competition in financial services, Federal ...
Bernanke: Fed’s Role Over ‘All Banks’ Helps Monetary Policy
Federal Reserve Chairman Ben Bernanke said today in prepared testimony for a congressional hearing that the Central Bank’s ability to supervise banks of all sizes “significantly” improves its effectiveness ...
2nd Fed Official Sheds Doubt on ‘Extended’ Near-Zero Rate
A second Federal Reserve official is on the record as doubting the wisdom of keeping the benchmark interest rate at near zero for an “extended” period of time, as the current policy outlook has stood for several ...
Bernanke: No Rate Hike for Now; Welcomes ‘Review’
Federal Reserve Chairman Ben Bernanke assured Congress and the public today that record-low interest rates will remain in place to bolster moderate economic growth and what is likely a slow improvement in the unemployment ...
Bernanke: Fed’s Authority is Best Suited for Oversight
In an 11-page defense of its authority, Federal Reserve Chairman Ben Bernanke today relayed to key Senators his reasoning for keeping the Fed’s current regulatory power intact, particularly because of “its ...
