Bernanke: Fed ready to act if turmoil hits economy
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JACKSON HOLE, Wyoming  - The Federal Reserve will take the necessary steps to shelter the economy from turmoil in financial markets but will not bail out investors who made mistakes, Fed Chairman Ben Bernanke said on Friday.
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Investors banking on more  interest-rate cuts may get some clues about what comes next  from Federal Reserve Chairman Ben Bernanke, who testifies  before the Joint Economic Committee of Congress on Thursday.
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Federal Reserve Chairman Ben Bernanke said Tuesday that risks from inflation or a worse-than-expected housing slump could further complicate things for an economy that already is in slowdown mode.
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Federal Reserve chief Ben S. Bernanke told lawmakers today it is "critically important" that any economic stimulus package take effect quickly if it is to help ward off recession, and the White House announced that President Bush would make a speech Friday laying out his criteria for such a program.
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The Federal Reserve would raise interest rates if inflation moved higher, Fed Chairman Ben Bernanke said on Thursday, warning that the economy might be stronger than it appears.
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Federal Reserve Chairman Ben Bernanke said on Thursday the central bank will act as needed to help the struggling U.S. economy, but said the Fed has to be mindful that growth should pick up later in the year.
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Faced with a deteriorating economy, Federal Reserve Chairman Ben Bernanke has indicated he is open to congressional and White House efforts to develop a rescue package to avert a recession.
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JACKSON, Wyo., Aug. 31 -- Federal Reserve Chairman Ben S. Bernanke said Friday that the central bank was willing to take action to ease damage to the economy from troubled financial markets, and President Bush introduced a plan to help people who are at risk of losing their homes to foreclosure.
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The Federal Reserve must stand ready  to raise interest rates for fear the economy is growing faster  than realized and could be placed at risk if inflation surges,  Fed Chairman Ben Bernanke said on Thursday.
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WASHINGTON - The message from Ben Bernanke and his Federal Reserve colleagues is clear: The housing slump will drag on well into next year as credit problems linger. What's not so apparent is how they'll deal with the crisis, although another interest rate cut could come this week.
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Investors banking on more interest-rate cuts may get some clues about what comes next from Federal Reserve Chairman Ben Bernanke, who testifies before the Joint Economic Committee of Congress on Thursday.
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Fed Chairman Bernanke struck a familiar chord Wednesday but with some concern about subprime problems spilling into the broader economy.
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Federal Reserve Chairman Ben Bernanke on Thursday acknowledged the economy faces increased risks and indicated the U.S. central bank is ready to cut interest rates aggressively to support growth.
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Bernanke signals that recession--not inflation--worries him for now. Open the floodgates.
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WASHINGTON -- Federal Reserve policymakers weigh a broad range of economic scenarios to determine the right moves on interest rates during times of uncertainty, Fed Chairman Ben Bernanke said Friday.
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The Fed chief said today that the central bank âstands ready to take additional actions as neededâ to limit the effect of the financial market disorder on the economy.
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Federal Reserve Chairman Ben Bernanke is scheduled to testify on February 14 before the Senate Banking Committee on the U.S. economy and the state of the U.S. financial markets, a source familiar with the matter said on Tuesday.