Tag: Ben Bernanke

• Wednesday, September 21st 2011 - 21:28 UTC

  Fed injects more ‘accommodation’ liquidity to bonds’ market and housing

  

  With three dissenting members the Federal Reserve announced on Wednesday further efforts to prop the US economy launching an accommodation program to put more downward pressure on long-term interest rates and increase its support for housing.

• Thursday, September 8th 2011 - 00:12 UTC

  Review on US economy for Fed’s next meeting shows slow growth, weak activity

  

  The US economy continues to grow slowly, with patches of weaker activity, the Federal Reserve said Wednesday in a report used by the central bank in setting monetary policy.

• Friday, August 26th 2011 - 15:56 UTC

  Bernanke defers announcement; sends US Congress strong message on fiscal deficit

  

  The chairman of the Federal Reserve, Ben Bernanke, has signalled that the US central bank will not take any immediate action to boost growth. In a keenly anticipated speech, Mr Bernanke simply said the Fed had a “range of tools that could be used to provide additional monetary stimulus”.

• Wednesday, August 24th 2011 - 06:47 UTC

  World markets higher on expectations of Bernanke speech Thursday

  

  US stocks shot 3% higher on Tuesday on speculation Federal Reserve Chairman Ben Bernanke this week could signal new help for the US economy, giving investors hope a four-week rout was nearing an end.

• Tuesday, August 9th 2011 - 20:11 UTC

  Federal Reserve anticipates low rates and current stimuli level through mid-2013

  

  The Federal Reserve said on Tuesday it will keep its hefty monetary policy stimulus for at least another two years, an effort to support a flagging economy and fragile global markets that face considerable selling spree.

• Thursday, July 14th 2011 - 18:27 UTC

  Bernanke warns Congress of “calamitous outcome” if the US defaults on its debt

  

  Federal Reserve Chairman Ben Bernanke warned the United States Congress that overzealous cuts to government spending could derail an already fragile recovery and said a US debt default could wreak financial havoc.

• Wednesday, July 13th 2011 - 16:30 UTC

  Fed ready to inject new stimulus if US economy remains persistently weak

  

  Federal Reserve Chairman Ben Bernanke said the central bank is ready to ease monetary policy further if the economy weakens and inflation moves lower, suggesting policymakers are actively mulling further stimulus.

• Wednesday, June 22nd 2011 - 23:36 UTC

  Fed admits it does not have a “precise read” of why US economy is slowing

  

  The Federal Reserve has cut its growth forecast for the US economy in the face of the impact of higher energy prices. It now estimates that the US economy will expand between 2.7% and 2.9% this year, down from its April forecast of 3.1% to 3.3%.

• Friday, June 10th 2011 - 03:56 UTC

  Record exports in April helped to lower US trade deficit by 6.7%

  

  Exports of US goods and services rose to a record 175.6bn in April, helping to shrink its trade deficit. Data from the Commerce Department showed the gap between imports and exports fell by 6.7% to 43.7bn as manufacturers shipped more items such as computers.

• Thursday, June 9th 2011 - 00:54 UTC

  Bernanke argues strong demand for commodities is depressing US dollar value

  

  US Federal Reserve rejected criticism that its actions (‘accommodative monetary policy’) have pushed down the foreign exchange value of the US dollar and thereby boosted the price of commodities, adding that the Fed is “fully committed” to maintaining the dollar’s purchasing power and to keeping inflation in check.