What was unsaid by Bernanke might be more notable than what he actually expressed outright.
The FOMC will keep the federal funds rate at its current ultralow level and voted to expand the bond-buying program announced in September, known as QE3.
The Fed, faced with a laundry list of economic troubles and stubborn unemployment, decided to go all-in on job growth.
The US economic recovery isn’t exactly blowing the doors off, according to the latest edition of the Fed’s Beige Book.
Fed Chairman Ben Bernanke was on the hot seat today as senators grilled him on Libor, QE3 and the state of the economy.
The stock market’s rise hasn’t been a boon for everyone. An article in InvestmentNews says Federal Reserve Board Chairman Ben Bernanke’s assets may have declined in 2010, even as the stock market rose. According to numbers released by the Fed, Bernanke had between $1.06 million and $2.31 million in 2010, mostly invested in two retirement accounts.
“We don’t know where the economy is going”
In explaining the Federal Open Market Committee’s decision to keep interest rates at rock-bottom levels, Federal Reserve Board Chairman Ben Bernanke told reporters Wednesday that the economy is growing more slowly than expected due to a combination of high energy and food prices, the aftermath of the Japanese tsunami and continued weakness in the housing and
Federal Reserve Board Chairman Ben Bernanke made history by facing nearly five dozen reporters in an hour-long press conference, the first ever for the U.S. central bank. With his usual unruffled delivery, Bernanke answered a dozen and a half questions ranging from the effects of long-term unemployment, the value of the dollar and gas prices
One of America’s most fitting corporate nicknames may have to be discarded. Blame the economy. Not Mickey D’s, Big Brown or the retailer Tar-zjay. Rather, it’s a coffeehouse star, staffed by baristas, a word not in Webster’s. (Neither is frappuccino.) It’s the company commonly called “Four bucks.” Will we soon be saying five? It’s admirable