Federal Reserve Chairman Ben Bernanke

Bernanke: Mortgage Standards ‘Limiting’ Creditworthy Borrowers

Residential mortgage lending remains tight, with some standards limiting or preventing access to loans for low-risk borrowers with good credit, Federal Reserve Chairman Ben Bernanke said today. Residential mortgages ...
Fed Chairman Ben Bernanke

Bernanke: Housing’s Boom-Bust was ‘Trigger’ for Crisis

The housing market’s boom – followed by a bust that saw $7 trillion lost in home values – represented the “trigger” of the financial crisis, not necessarily its cause. This is the latest insight ...
Federal Reserve Chairman Ben Bernanke

Bernanke: Gasoline Prices to Push Up Inflation ‘Temporarily’

Federal Reserve Chairman Ben Bernanke addressed rising gasoline prices, telling Congress that higher costs for consumers at the pump will create a temporary rise in inflation while reducing Americans’ purchasing ...
Tight Mortgage Credit Keeps Its Grip on Potential Homebuyers

Tight Mortgage Credit Keeps Grip on Potential Homebuyers

Since the peak of home loan availability in 2007, U.S. mortgage credit has contracted about 13 percent. During most economic recoveries, mortgage credit begins to grow again four years after its peak ­– but not ...
Federal Reserve Chairman Ben Bernanke

Bernanke: ‘Out of Balance’ Housing Market Restrains Recovery

Diminished home equities, tighter mortgage credit and the “overhang of foreclosed and vacant homes,” has restrained the comeback of the economy, unlike any other U.S. recovery, said Federal Reserve Chairman ...
President Obama and Fed Chairman Ben Bernanke

Obama, Bernanke Spotlight Housing as Path to U.S. Recovery

Both President Obama and Federal Reserve Chairman Ben Bernanke have come under fire for their respective responses to the economic crisis, including actions tied to or affecting the depressed housing market. In ...
Fed Chairman Ben Bernanke

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” ...
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