Tag: Federal Reserve

• Friday, June 4th 2010 - 05:05 UTC

  Bernanke raises concern over persistent high unemployment

  

  Lending to small businesses inn the United States is declining, thus making it more difficult to come to grips with the persistent problem of high unemployment, admitted Federal Reserve Chairman Ben Bernanke.

• Thursday, April 29th 2010 - 06:59 UTC

  Obama Nominees for the Fed Support “Job Creation and Low Rates”

  

  US President Barack Obama is expected to announce this week his choice of Federal Reserve Bank of San Francisco President Janet Yellen as vice-chairman of the Fed Board of Governors, according to congressional sources.

• Thursday, April 29th 2010 - 03:12 UTC

  Federal Reserve Anticipates Exceptionally Low Level Rates for an Extended Period

  

  The US Federal Reserve decided on Wednesday to leave interest rates unchanged saying the current recovery will not result in rampant inflation and anticipated exceptionally low level rates for an extended period.

• Wednesday, April 28th 2010 - 01:04 UTC

  Bernanke Warns White House About Failure to Reduce Federal Budget Deficit

  

  Federal Reserve Chairman Ben S. Bernanke said a failure to reduce the federal budget deficit may push up interest rates over time and impair economic growth, putting the recovery at risk.

• Friday, April 23rd 2010 - 07:00 UTC

  Obama attacks critics of banking reforms to end “reckless practices”

  

  US President Barack Obama has attacked critics of his banking reforms in a speech which warned that without change the financial crisis will be repeated. Reckless practices and financial firms that acted like “bandits” should never be allowed to operate again, he said.